This decline was primarily driven by a sharp decrease in refined palmolein shipments.
This import frenzy enhances food security for China’s livestock sector, underpinning protein feed critical to pork, poultry, and aquaculture amid population demand.
The new commitment aims to bolster Bangladesh’s feed and food industries by ensuring a reliable, high-quality soy supply for poultry, aquaculture, and edible oil production.
This approach is expected to benefit soybean farmers, with an estimated payout of ₹800 (US$9.02) per quintal.
This move is expected to inject much-needed revenue into the U.S. agricultural sector, which has suffered billions in losses due to the prolonged trade war and reduced Chinese demand.