Philippine soybean meal (SBM) imports are expected to increase by 5.45 percent to 2.9 million metric tons (MMT) this year, fueled by the livestock and poultry idustries’ strong demand for feeds, the US Department of Agriculture (USDA) said.

In the Global Agricultural Information Network (Gain) report of its Foreign Agricultural Service (FAS) in Manila, USDA said the figure would be 15,000 MT higher than 2017’s 2.75 MT.

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