May 22, 2020
USSEC conducts demo on optimising feed costs with US soybean meal
US Soybean Export Council's (USSEC) conducted a webinar for the Indonesian poultry industry on May 4, as part of the council's commitment to stay engaged with the stakeholders during the COVID-19 crisis, USSEC reported.
The virtual event, specifically targeted at self-mixing layer farmers located in Blitar and Kediri in Indonesia's East Java province, was conducted over Zoom and attended by 24 participants including self-mixing layer farmers, feed ingredient importers, and Foreign Agricultural Service (FAS) Jakarta.
The seminar was conducted by Dr Budi Tangenjaja, USSEC Technical Consultant. Some of the key points delivered are: vertical integration is an important aspect in the layer business as it allows the layer farms to better manage their feed costs; improve profitability and the importance of considering nutrition value, and not focusing solely on price, in selecting feed ingredients for the layers; and simulation demonstrated that inclusion of US soybean meal in feed formulation can help to optimise feeding costs despite its higher price relative to other origins.
Chandra Arifin, Indonesia Sales Representative from Perdue Agribusiness, was in attendance and commented on the impact of the COVID-19 outbreak on the commercial sector and assured participants that the flow of US soybeans from farms to ports has not been disrupted and that the US soy supply chain remains in good shape. Two Indonesian importers were reported to have bought containerised US soybean meal to Surabaya and Medan recently.
Meylinah, Ag Specialist of FAS Jakarta, also shared her recent field survey, and was optimistic that we may see an increased full fat soybean meal usage this year as a result of higher domestic corn prices driven by lower domestic corn production.