Soy Canada comments on report on Manitoba soybean processing
Soy Canada today welcomed the release of a report on the feasibility of establishing soybean processing capacity in Manitoba.
“The report confirms that the growing production of soybeans in western Canada offers the potential of more economic growth and infrastructure investment,” said Jim Everson, Executive Director of Soy Canada.
The report was commissioned by the Manitoba Pulse and Soybean Growers and Soy 20/20 and undertaken by Mercantile Venture Consulting. It concludes that production levels of soybeans in Manitoba together with demand for soybean meal for the western livestock industry have created a commercial environment supportive of a soybean crushing facility.
“We welcome the report and thank the sponsors, both industry and the Manitoba and federal governments, for their financial support and for facilitating an excellent review of the potential for soybean processing in Manitoba,” said Soy Canada Chair Mark Huston. “The report adds a great deal of information to support farmers and industry in western Canada where soybean production continues to increase annually.”
Soy Canada is the national commodity association representing the full soybean value chain in Canada including farmers, exporters, processors and seed companies. Canadian farmers produced 6.04 million tonnes of soybeans in 2014 earning $2.4 billion in farm cash receipts; the 3rd most valuable crop.
For more information, contact:
Executive Director, Soy Canada