Russian Soybean Meal Demand Seen Rising on Poultry Growth
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Government programs in Russia aimed at boosting poultry and livestock production are spurring increased demand for soybean meal used in feed, Oil World said.
Russia’s soybean meal use may rise by 4.5 percent in the 2012-13 season to a record 2.35 million metric tons, the Hamburg-based researcher said today in an e-mailed report. Total usage of oilseed meals may increase by 2.9 percent to 5 million tons. Poultry output has more than tripled since the 2002-03 season as state programs stipulate at least 45 percent of the meat sold in Russia must be domestically produced by 2020.