|Dr. Yadu Nandan, Consultant – |
Animal Feed Program
United States Soybean
Consumption of soy meal in South Asia region is therefore continually on the rise and there has been an incremental use of 2.6 MMT in the last four years. However USDA predicts that there will be further increase in meal consumption between 2014/15 and 2015/16 indicating usage of 1.53 MMT. It is stated that the consumption demand in South Asia will be 8.69 MMT in 2015/16. Because India’s production of soy meal is expected at 5.16 MMT in 2015/16, there is a supply demand gap that is clearly evident. To produce 8.69 MMT of meal within the South Asia region about 10.60 MMT of soybeans have to be crushed for animal feed purpose alone. So the total beans that would need to be produced will be 13-14 MMT to keep soybeans for sowing, direct bean usage and human food applications in the form of soy flour and texturized soy protein.