Sunday, April 15, 2018

Soy trade @ a glance

  • Soy is a leguminous plant indigenous to China that requires a lot of water to grow.
    Its beans consist of more than 36% protein, 30% carbohydrates, and high amounts of fibre, vitamins and minerals. It also consists of 20% oil, making it one of the most important sources of edible oil.
  • Soymeal accounts for over 60 % of world animal meal production and occupies a prominent position among protein feedstuffs used for the production of feed concentrates. Soybean oil is the second most important vegetable oil (after palm oil); it accounts for 25 % of global vegetable animal oils and fats consumption
  • In the major producing countries and particularly in Brazil, Argentina, Paraguay and the USA soybean contributes significantly to the total value added by the agricultural sector. In these countries, soybeans and its sub-products also occupy an important position in total export earnings. Among smaller
    producers only India and Bolivia earn significant income from the exportation of soybean and derived products
  • China is by far the largest foreign market for American soybeans, taking about 56 per cent of its $22bn of exports

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