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Abstract
The effect of policy on the South African soybean industry is analysed, using the policy
analysis matrix. The absence of effective protection from cheap imports of soy-cake and -oil, as
well as the ineffectiveness of the processing industry, lead to relatively low farmgate prices of
soybeans in South Africa. This could result in producers using their resources for more
profitable crops, thus depriving the South African feed industry to benefit from more full fat
soy in feed rations.