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China's Ministry of Agriculture and Rural Affairs issued a revised standard for fermented soybean meal, effective October 1, 2022. The article estimates China produced close to two million tonnes of fermented feed raw materials in 2021, mostly post-fermentation residues.
A formal feed standard may expand the use of fermented soybean meal as a substitute for conventional soybean meal in Chinese feed. The volume is small relative to total feed protein demand, so the price effect is limited.
m.efeedlink.comOct 27, 2022After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
