Soybean is the most dynamically developing crop in the global oilseed complex - Danube Soya

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APK-Inform

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In 2015/16 MY, the general global production of 10 key oilseeds reached 520 mln tonnes. At the same time, for 10 recent years (from 1997/98 MY to 2015/16 MY) the indicator demonstrated the most dynamical changes for soybeans, rising from 160 mln tonnes to 320 mln tonnes, reported the Regional director at Danube Soya, Oksana Prosolenko at the conference "Fat-and-Oil Industry - 2017" on October 26, in Kyiv, Ukraine.

Soybeans managed to reach such popularity and wide distribution in the global structure of oilseed crops due to a large-scale content of effective nutritional substances, especially protein (34% of the general content), which contributes to its widespread application in production of animal feeding stuff. So, if in 1990/91 MY soybean meal formed 50.7% of the general global production of all oilseed meals, then in 2015/16 MY the figures grew to 65.5%, the expert noted.

Also, she added that GM-varieties of soybeans form only 17% of the current global production of soybeans. While China, India, Russia and the EU-28 are the key countries-producers of the oilseed.

Also, the EU countries are one of the main consumers of soybeans and its by-products - soybean meal. But the domestic production of soybean meal covers the demand at 2.5% only. At the same time, the demand for GM-free soybeans, which share in Europe totals nearly 15% of the general demand, is covered by the European production capacities at one third only, added O.Prosolenko.

To date, the international non-governmental organization the Danube Soya Association with the headquarters in Vienna, provides the major function of promotion and conveyance of the idea of production, processing and marketing of high-quality GM-free soybeans, as well as quality control of the oilseed originating from the Danube region and other European countries. Also, the company's regional offices are located in Serbia and Romania, and the number of companies-members of the Association exceeds 300 participants representing the whole value-added chain of soybean application, summarized the expert.

You can receive more detailed information about the key points of "Fat-and-Oil Industry - 2017" from the news line of the conference.

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