Thailand’s soybean imports jump

[webfact]

Photo: Adobe stock

 

By Holly Demaree-Saddler

 

BANGKOK, THAILAND — Thailand’s economy is rebounding from COVID-19 and is seeing a spike in feed demand and a need for soybean imports, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

 

The country’s soybean imports in the 2021-22 marketing year are expected to jump 5% to 4.1 million tonnes compared to the previous marketing year based on increased demand from the food and feed industries. Soybean meal imports are also on the rise in the 2021-22 marketing year to 2.8 million tonnes, a 2% increase compared to a 5% reduction in the 2020-21 marketing year.

 

An increase in poultry and swine production is expected to feed the escalating soybean meal import demand.

 

Full story: https://www.world-grain.com/articles/15142-thailands-soybean-imports-jump

 

-- © Copyright World Grain 2021-04-15

 

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[RichardColeman]

10 minutes ago, webfact said:

BANGKOK, THAILAND — Thailand’s economy is rebounding from COVID-19

Based on -6% GDP last year, and probable contraction in the first quarter GDP this year, I find that sentence highly improbable.

[Damrongsak]

So they grow rice but import soybeans.  Hmmm.

[Poet]

Great to see ThaiVisa now carrying the latest news from World Grain.

[grandpa]

Thailand’s soybean imports jump

It's a long time since I've seen "jumping beans"!  They used to be all the rage when I was a child ????

 

[ParkerN]

Just now, RichardColeman said:

Based on -6% GDP last year, and probable contraction in the first quarter GDP this year, I find that sentence highly improbable.

 

Indeed, when all is darkness and gloom, there are always those who will mistake any glimmer of light for a false dawn.

 

In this case it was probably only a flashlight.

Edited April 15, 2021 by ParkerN

[Misterwhisper]

Ah, soybean imports... such a key indicator for a rebounding economy. Perhaps some of the editors at World Grain should consider joining TAT. They'd be perfect for the job.

[rickudon]

Time to chop down another 50,000 hectares of Amazon rainforest then to grow them.

[unblocktheplanet]

Lots missing from this picture. 1) From where are the soybeans imported. 2) Vast difference between feed soybeans & food soybeans. 3) GMO soybeans profiting Bayer-Monsanto (with kickback locally)?

[overherebc]

Headline.

Imports jump.

 

Story says

May jump.

 

?????

[John Drake]

Millennials everywhere panic bid soybean futures.

[ThLT]

Monsanto US soybeans. Yum yum!