Pig and feedstock producers in China are using less soybean meal in order to lower the country’s import dependence on the crop. Feed prices are increasing and trade tensions and the COVID-19 pandemic increase uncertainty for global trade.
China’s major feedstock producer has reduced to 10 percent soybean meal in its farm feed products as of the end of April, compared with 13.2 percent in 2019 and 12.5 percent in 2020.
“We have adopted various types of meal and other proteins to ensure there is sufficient feed for pigs and chicks,” the producer said, noting that the company had conducted research on the matter even before changes in global trade.