Probably Only Subdued Recovery of World Oilmeal Production in 2019/20 A below-potential increase on account of soya meal is likely to coincide with the slowing-down of the growth in world output of sun meal and palmkernel meal as well as a reduction in fish meal

摘要

The ongoing crisis in the Chinese pig sector and the resulting downtrend of feed demand is likely to have a profound impact on world production and usage of oilmeals also in the 2019/20 season.Despite the government's efforts to encourage domestic producers to restock,Chinese sow and hog inventories declined further in recent months,curtailing demand for soya meal and other feed ingredients.The recent very high pork prices have boosted profits for raising pigs,prompting some Chinese farmers to feed more soya meal to their remaining livestock(to achieve higher slaughter weights).However,the overall effect from this as well as from increases in soya meal inclusion into feed rations for poultry and aquaculture is likely to only moderate the reduction in soya meal usage from the sharp decline in Chinese pig numbers.