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World soybean trade : growth and sustainability

McFarlane, I. and O'Connor, E. (2014) World soybean trade : growth and sustainability. Modern Economy, 5 (5). pp. 580-588. ISSN 2152-7261

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To link to this item DOI: 10.4236/me.2014.55054

Abstract/Summary

Soybeans can be consumed directly as food, and in China hey are the major ingredient in food products such as tofu and soy milk, but direct consumption is small relative to their wider use in animal feed, and it is the requirement for livestock feed that drives international trade. Rapid growth of economies and population, especially in Asia, has led to increased demand for animal protein and cooking oil. This paper analyses the recent growth in supply of soybeans from North and South America to China, and considers the factors that may affect this trade in future; a contrast is made with supply from North and South America to Europe, which has not been increasing. The constraints preventing an increase in supply of soybeans to Europe are reviewed. The paper concludes with brief discussion of the factors which will affect world markets for soybeans and soybean products in future.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Biodiversity, Crops and Agroecosystems Division > Crops Research Group
ID Code:36789
Uncontrolled Keywords:Soybeans, Feedstock, Land Use, Agricultural Economics, Commodity Trading, Sustainability
Publisher:Scientific Research Publishing Inc.

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