USDA experts raised the forecast for global imports of meals and pulps to a record 103.9 million tons

Published 2025년 2월 17일

Tridge summary

The USDA has predicted a rise in global imports of meals and pulps for the fourth month in a row in the 2024/25 marketing year, with soybean meal making up the largest share at 73.01 million tons. This shift is largely due to China's decreasing reliance on imported soybeans for meal production, which has been offset by increasing imports of sunflower and rapeseed meal. Ukraine has emerged as a significant supplier of sunflower meal to China since the 2018/19 marketing year, with exports seeing a 12% increase from September to December in the 2024/25 marketing year. This increase in exports is attributed to heightened demand from the EU, despite falling soybean meal prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the February forecast, USDA experts raised the forecast for world imports of meals and pulps for the fourth consecutive month in 2024/25 MY. It is expected that world imports of meals will amount to 103.99 million tons, including soybean - 73.01 million tons, rapeseed - 10.35 million tons, sunflower - 8.6 million tons. In recent years, China has been the world's largest producer of soybean meal, which was obtained mainly from imported soybeans. In the period 2013/14 MY - 2017/18 MY, the share of meal obtained from imported raw materials averaged 93%. However, it has recently decreased due to increased imports of alternative feed components, primarily sunflower and rapeseed meal. According to the US Food and Agriculture Organization, in 2018/19 MY China began to actively purchase sunflower meal, mainly from Ukraine, and from 2022 the Russian Federation was added to the main suppliers. In December, Ukraine exported 96 thousand tons of soybean meal, which is the highest monthly ...

Source: Graintrade