China's three-year strategy to reduce soymeal use in animal feed

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 China's Ministry of Agriculture unveiled a three-year strategy to reduce reliance on soymeal in animal feed, aiming to bolster food security and decrease dependency on soybean imports. The plan sets a target to decrease the proportion of soymeal in animal feed to under 13 percent by 2025, down from 14.5 percent in 2022. This initiative follows earlier guidelines issued to the animal feed industry in 2021 advocating for lower soymeal ratios, signaling a concerted effort towards self-sufficiency in feed production.

Soymeal. Source: The Horse

Lief Chiang, a senior analyst at Rabobank, underscores the continuity of the strategy, emphasizing its role in fortifying the supply chain against geopolitical risks. Despite being the world's largest soybean importer, China aims to diversify sources and reduce dependency, particularly on the US, from which it purchases over 60 percent of globally traded soybeans annually. The nation's strategy reflects a proactive approach to mitigate risks associated with overreliance on a single market. 

Efforts to curtail soymeal usage have seen success, driven by surging prices and prompting feed manufacturers to adjust utilization. Robobank's estimates suggest a potential reduction to 12 percent by 2030, potentially lowering soybean imports to 84 million tons. Additionally, China aims to approve microbial proteins for feed and implement pilot projects for alternative feed sources. The plan also targets increasing high-quality forage output to 98 million tons by 2025, contributing to a more sustainable and secure feed supply chain. 

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