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 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
URI	https://reading-clone.eprints-hosting.org/id/eprint/36789
Identification Number/DOI	10.4236/me.2014.55054
Refereed	Yes
Divisions	Life Sciences > School of Agriculture, Policy and Development > Department of Crop Science
Uncontrolled Keywords	Soybeans, Feedstock, Land Use, Agricultural Economics, Commodity Trading, Sustainability
Publisher	Scientific Research Publishing Inc.
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