Egypt soybean imports to grow supported by increase in local processing capacity

EGYPT – Egypt’s soybean imports have been projected to further increase by 14% in 2019-20 as local processing capacity continues to surge, a report by United States Department of Agriculture (USDA) reveals. The recent report […]

Zimbabwean association calls for increased soybean production to curb imports

ZIMBABWE – The Oil Expressers Association of Zimbabwe (OEAZ), an oil producer’s lobby group, has called for increase output of soybean as an intervention to cut reliance on imports. A report by NewsDay reveals that […]

US exports of feed grains set new record at 120 MMT led by corn

USA – The United States exports of feed grains and co-products for the 2017/2018 marketing year reached 120 million metric tonnes led by higher corn shipments, setting a new record for the second year in […]

Germany set to become a net grain importer on drought related losses

GERMANY – Germany is expected to increase imports of soybeans, soybean meal and become a net importer on production losses related to drought, ‘a weather incident of national extent’, said a report from the U.S. […]

Bunge to close soybean crushing facility in Argentina with 60 possible layoffs

USA – The US grains merchant Bunge Limited is considering the closure of a soybean crushing plant in Buenos Aires Province putting about 60 jobs at risk, reported Reuters citing information from union of employees […]

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 […]

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, […]

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 […]

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 […]