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Soybean Marketing


International Marketing

Global Aquaculture Industry Provides Major Market for U.S. Soybean Meal

In 1992, the aquaculture industry in China was not using soybean meal in feed.  Today, soybean meal use by this industry is estimated to exceed 185 million bushels of soybeans a year, thanks in part to soybean checkoff-funded programs, implemented by the American Soybean Association (ASA).  These programs increased demand for U.S. soybean meal through feeding demonstrations showing the nutritional and economic advantages of feeding U.S. soybean meal to fish.  As a result of the success experienced building demand for soybean meal in China's aquaculture industry, the soybean checkoff is now conducting similar demand-building activities in the aquaculture industries in India, Vietnam, Indonesia and the Phillipines.  Checkoff-funded seminars, presented to fish farmers, feed mills, university professors and government and extension officials in these nations highlight data from previous feeding demonstrations held in China.  Compliments of May 2004 Soy Source


 


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