CHINA will grow rapeseed on more land and stabilize soybean acreage this year, extending a policy to boost oilseed harvests and cut back on imports, reports Bloomberg.
The country has sought to increase output of oilseeds such as soybeans and rapeseed, and cut the ratio of meal used in animal feed, as food security becomes a priority.
Production of soybeans, the most consumed oilseed in the country, rose significantly in the past few years, thanks to increasing acreage.
china has reduced the soybean meal ratio in animal feed to 13 per cent, down 1.5 percentage points from 2022, and equal to the consumption of about nine million tonnes of soybeans, an official from the agriculture ministry said at the media briefing organized by the State Council.
Soybean shipments to China climbed 11 per cent last year to 99.41 million tons, almost matching the all-time high in 2020, customs data showed this month. Any big jump in the local crop that finds its way into commercial crushing could significantly cut the country's buying on the global market.
SeaNews Turkey
The country has sought to increase output of oilseeds such as soybeans and rapeseed, and cut the ratio of meal used in animal feed, as food security becomes a priority.
Production of soybeans, the most consumed oilseed in the country, rose significantly in the past few years, thanks to increasing acreage.
china has reduced the soybean meal ratio in animal feed to 13 per cent, down 1.5 percentage points from 2022, and equal to the consumption of about nine million tonnes of soybeans, an official from the agriculture ministry said at the media briefing organized by the State Council.
Soybean shipments to China climbed 11 per cent last year to 99.41 million tons, almost matching the all-time high in 2020, customs data showed this month. Any big jump in the local crop that finds its way into commercial crushing could significantly cut the country's buying on the global market.
SeaNews Turkey
