Brazil Farmers to Reap Benefits From Deadly Pig Epidemic
- Brazil soymeal demand set to rise by 1 million tons next year
- ‘We cannot forget that people keep eating meat,’ Schaffer says
Soybeans at the Tiplam terminal in Santos, Brazil.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
A deadly pig disease spreading throughout Asia will boost demand for soybean meal in Brazil as the South American nation increases meat production to feed China, according to Cofco International Ltd.
Consumption of soy meal, a key ingredient in pig feed, will rise by 1 million metric tons next year as Brazilian producers seek to export more meat to China, said Carolina Hernandez Tascon, head of commercial and trading for grain and oilseeds in Brazil for the trading arm of China’s largest food company. That’s an increase of about 7% from a year earlier.