The Philippine Department of Agriculture has expanded its Protein-Enriched Copra Meal project to Western Visayas as a cheaper protein source for animal feed. The fermented copra meal is said to reach about 45 percent protein, comparable to soybean meal.
Copra meal substitution could modestly reduce regional demand for imported soybean meal in the Philippines, though the volumes involved are small relative to global markets.
After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.