Russian Soybean Meal Demand Seen Rising On Poultry

Russian Soybean Meal Demand Seen Rising On Poultry

 

The increase of livestock production, most notably poultry production (poultry production in Russia is expected to increase 3.7 million tons in 2012-13) driven by governmental and domestic demand has resulted in growth in the feed sector as well.  Russia’s soybean meal use may rise by 4.5% in the 2012-13 season to a record 2.35 million metric tons and total use of oilseed meals may increase by 2.9% to 5 million tons.  Despite predictions that Russia’s soybean crop will reach a record 1.88 million tons in 2012-13, Russia will remain a large importer of soybeans after eliminating a 5% import tax when it joined the World Trade Organization in 2012.

 

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