The certification verifies that soybeans processed at the facility carry a low risk of indirect land use change (LUC).
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.