Markets and trade
 

Detail

Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Protein meal
Date
01/10/2018
Policy Category
Other
Policy Instrument
Agricultural policy
Description
Backed new voluntary standards introduced by the country’s Feed Industry Association to promote a shift towards animal diets with reduced protein content – a measure triggered by efforts to reduce the country’s reliance on imported soybean meal.
Notes
The central Government backed new voluntary standards approved by the country’s Feed Industry Association to promote a shift towards high-efficiency low-protein animal diets. Under the revised norms, the recommended minimum protein inclusion rate in feed formulations has been lowered by 1.5 percentage points for pig feed and 1 percentage point for poultry feed. According to government officials, the new guidelines could lower China’s annual soybean requirement by up to 14 million tonnes, which would correspond to a 15 percent fall from current consumption levels.