6 November 2023
By: Gerrit Bezuidenhout
South Africa has sent its first shipment of soyabeans to China. This achievement follows the signing of the export protocol for soyabeans to China by Thoko Didiza, the Minister of Agriculture, Land Reform and Rural Development, just over a year ago.
In a statement issued by the department, Didiza said the shipment signifies the success that can be achieved in growing local grain and oilseed markets when the government and the private sector collaborate. The transaction aligns with the goals of the Agricultural Master Plan and recent Brics discussions.
China is the world’s largest consumer and importer of soyabeans and is expected to import nearly 97 million tons of soyabeans this year. South Africa’s export potential is less than 1 million tons.
Entering the Chinese market brings unprecedented export potential and growth opportunities for new and established producers in South Africa.
In addition to the Chinese market, the department is working with the South African Cereals and Oilseeds Trade Association and Grain South Africa to explore potential markets in Indonesia and Egypt.
By opening new markets, farmers earn foreign currency, stimulating not only the local economy but also attracting private investments and creating rural employment.
The department believes soyabeans are the ideal crop for new farmers as they offer 50% more value than maize on the same area of land.
Didiza said the government, in collaboration with the private sector, is encouraging soyabean cultivation and implementing projects that support new farmers.
