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Organic soybean meal prices continue to edge higher and are currently quoted at 630 per metric ton FOB India. There are concerns amongst merchandisers that are helping to keep prices buoyed.
This is a list of countries by soybean production from 2016 to 2022, based on data from the Food and Agriculture Organization Corporate Statistical Database. [1] The total world production for soybeans in 2022 was 348,856,427 metric tonnes , down 6.4% from 372,853,699 tonnes in 2021. [ 1 ]
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Until 2004, soy meal futures had been one of the most rapidly developing futures contract at China's futures market. On March 15, 2002, DCE started trading No.1 soybeans futures (Non-GMO soybeans). It quickly became the largest agricultural futures contract in China and the largest Non-GMO soybeans futures contract in the world half a year later.
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The American Soybean Association (ASA) is an association of 21,000 American soybean producers. John Heisdorffer is the 2018 President of the Association. [ 1 ] Stephen Censky worked for ASA for 23 years, 21 of those as CEO, and then left to become United States Deputy Secretary of Agriculture in 2017.
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Rice prices also reached ten-year highs. In some nations, milk and meat prices more than doubled, while soy (which hit a 34-year high price in December 2007 [93]) and maize prices have increased dramatically. [citation needed] Total food import bills rose by an estimated 25% for developing countries in 2007.