South Africa soya beans unlikely to be affected by US-China trade war

SOUTH AFRICA - Following China’s response tariffs on US goods including soya beans, there could be possibility of price shocks on the commodity, but an agricultural economist, Wandile Sihlobo has said that this should be cushioned by the ability to substitute yellow maize in feed stock. An article in the Business Day reported that despite…

ADM and Cargill successfully complete the soybean joint venture in Egypt

EGYPT - Archer Daniels Midland Company and Cargill have successfully completed their transaction and formally launched SoyVenTM their new joint venture to provide soybean meal and oil for customers in Egypt. According to the company, SoyVen owns and operates the National Vegetable Oil Company soy crush facility in Borg Al-Arab, along with related commercial and…

China’s growing protein meal demand will continue to drive soybean imports

CHINA - China’s oilseed consumption continues to grow, driving demand for increased oilseed imports and government support to expand oilseed production, according to GAIN. According to GAIN reports, the total oilseed consumption for 2018/19 is to reach 164.3 million metric tons (MMT) based on the continued growth of the animal husbandry industry’s demand for protein…

USA and China trade war intensifies with new tariffs on soybeans and technology

USA - The United States has threatened to impose a 25% tariff on products with ‘industrially significant technologies’ from China while the latter has promised retaliatory measures on 100 types US goods including 25% tariff on soybean. The new measures were announced by US President Donald Trump on June 14 prompting a haste response from…

Brazil to rank as world’s largest soy producer in 2018 ahead of US

BRAZIL - Brazil is set to top the list of the world’s largest soybeans producer with production estimated at 117 million tonnes, beating the United States which has been on the top rank for a long time in history, according to Abiove, the oilseeds crusher group. Abiove’s report indicates that the US is expected to…

Seed Co Zimbabwe invests in improving farmer soyabean yields

ZIMBABWE - Seed Co Zimbabwe has unveiled the Eleven Tonne Plus Club Promotion, a programme targeting commercial farmers for soybean, maize and other seeds in a bid to boost food security. The programme is set to benefit farmers with at least 10 hectares of the firm’s seed varieties grown during the 2017/18 season. Along with…

Ukraine soybean production to fall 14% in 2018-19

UKRAINE - Ukraine’s soybean production is set to fall 14% to 3.3 million tonnes despite higher expected yields than the five-year average, according to USDA’s Global Agricultural Information Network (GAIN) May 16 report. Soybean planted area for the coming crop year is forecast at around 1.5 million hectares, a 23% decline from 2017-18. While Sunflower…

Bunge considers soybean exports to Argentina

USA - Bunge Ltd, multinational food and agribusiness company is considering exporting US soybeans to Argentina and the move would be ratified depending on the margins. The plans were revealed by Soren W. Schroder, chief executive officer of Bunge at an investor event in New York adding that they look forward to bumping up soybean…

South Africa’s oilseed production set to hit a record high of 2.4m tonnes

SOUTH AFRICA - South Africa’s oilseeds production is forecast to hit a record high of 2.4m tonnes with increased utilization of soybeans and sunflower seeds likely to affect oilseed meal imports that could drop by 14% to 480,000 tons. This is particularly driven by increased soybean plantings, with post forecasts by USDA that a record…

Cargill introduces de-oiled lecithin products for clean label and GMO-free range

USA - Cargill has launched a new de-oiled rapeseed lecithin, an allergen-free and label-friendly ingredient that finds application in bakery and snacks to meet increasing consumer demand. According to Juergen Detert, technical service manager for Cargill Starches, Sweeteners & Texturizers, and the new range offers great emulsification performance without compromising on taste or texture and…