Quantifying the impact of reduced import tariffs on soya beans and soya bean meal in the South African soya value chain
Over the past 10 years (2010-2020) the South African soyabean industry has been one of the country’s biggest agricultural and agro-processing success stories. The area planted has more than doubled, production has nearly tripled and major investments in processing facilities have boosted total crushing capacity to 2.2 million tons (1.76 mil tons @ 80% utilisation) plus 450 000 tons full fat (360 000 tons @ 80%). Although there is consensus in the industry that soybean production will keep on expanding (latest BFAP projections indicate that South Africa will pass the 2-million-ton mark in 3-4 seasons), a point that is often tabled at value chain roundtable discussions is what is the impact of duties on imported soybeans and soybean meal on the integrated soybean and livestock value chain. In an article published in the June 2021 Edition of Oilseed Focus, Ferdi Meyer, Helga Ottermann and Tracy Davids unpack the impact of import duties on the integrated soya bean value chain.
Article available here: https://www.opot.co.za/imgs/oilseeds-focus/2021/oilseeds-focus-vol-7-no-2-june-2021.pdf – page 38.
This work was funded by the OAC, the full report is available on the OAC website, or directly downloadable here: https://old.bfap.co.za/wp-content/uploads/2021/11/BFAP-Soyabean-Tariff-study-15-March-2021-final-.pdf
