U.S. Soy Quality Supports Strong Demand in the Philippines
What happened
John Sy, executive vice president at Foremost Farms, stated that U.S. soybean meal offers the most consistent quality regarding crude protein and amino acids compared to other sources. He noted that soybean meal is a major protein source for poultry and pig feed. Foremost Farms currently purchases from a local distributor in the Philippines rather than importing directly.
From thepoultrysite.com
Why it matters
The consistent quality of U.S. soy supports strong demand for the commodity in the Philippines. This demand is linked to the growing population in the Philippines.
From thepoultrysite.com
Who's involved
- PhilippinesGeopolitical state where demand for soy feed is strong
- John SyExecutive vice president at Foremost Farms who discussed sourcing decisions
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
The growing population could drive sustained demand for protein and soybean meal in the Philippines.