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Challenges of the Soymeal Trade

Challenges of the Soymeal Trade. 23 June 2009, Harkány Zsolt Sebők AGP Magyarország Kft. Cereal Corn Wheat Barley Triticale. Protein Carriers Extruded soymeal Extruded rape meal Extruded sunflower meal Fishmeal Potato protein Full-fat soymeal.

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Challenges of the Soymeal Trade

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  1. Challenges of the Soymeal Trade 23 June 2009, Harkány Zsolt Sebők AGP Magyarország Kft.

  2. Cereal Corn Wheat Barley Triticale Protein Carriers Extruded soymeal Extrudedrape meal Extrudedsunflower meal Fishmeal Potato protein Full-fat soymeal Typical Ingredients of Forages

  3. Forage Composition for Broiler Chicken Feeding

  4. Broiler Feeding Ingredient Composition

  5. Soybean Output in 2009

  6. The World's Soybean Stock Usage

  7. Soybean Stock Usage in the USA

  8. The World’s Soybean Trade in 2008/2009(million tons)

  9. The World’s Soybean Trade

  10. The World’s Soymeal Trade In 2008/2009 - 52,8 million tons

  11. The World’s Soymeal Trade

  12. Soymeal Trade in Hungary

  13. Soymeal Import and Export In Hungary

  14. Soymeal Import at the beginning of this Year

  15. Important Issues of the Soymeal Trade • Quality • Price, Price-Setting • Logistics • Financing

  16. Quality and GMO Ingredients of the Hipro and II.classBrazil soymeal Hipro II. class • Solids % 88,0 88,0 • Raw Protein % 48,0 46,0 • ME poultry MJ/kg 10,6 9,8 • DE pork MJ/kg 15,4 14,6 • ME pork MJ/kg 14,2 13,5 • Raw Fibre % 3,5 7,0 • Raw Fat % 1,4 1,4 • Lysine % 2,85 2,58 • Methionine % 0,64 0,57 • Methionine +Cistine 1,26 1,17 (source: American Soybean Association)

  17. Factors that affect Soymeal Price The base for the price setting is always the price at Chicago Board of Trade (www.cbot.com) • Supply • Production Area • Output, weather • Strike • Oil price • Demand • Livestock • Animal Health Situation • China’s Market Behaviour • Market Situation of Substitutes • Money Funds • Transfer • Oil price • River Shipping • Road Transport • Rate of Exchange • Duty

  18. www.cbot.com

  19. www.cbot.com

  20. Hungary’s Soymeal Import

  21. Financing • River Import takes too long • Extension of payment deadlines • Payment willing and ability • Less Credit Sources available and these became more expensive • In case of bonds in HUF double financing

  22. Thank You for Your Attention! Sources: • AKI • USDA Report • Cereal Association • ASA • FVM • KSH • GKM

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