The primary challenge for soybean cultivation in Lao PDR is the limited market demand for industrial processing, resulting in low prices and hindering farmer profitability. Despite high demand for soybean-based end products like tofu, soy milk, and soy oil, insufficient processing capacity in Lao PDR creates a surplus of soybeans with depressed prices. Additionally, low soybean yields in Lao PDR (0.6-2 t/ha), significantly lower than in other countries due to traditional farming, limited access to improved inputs, and pest/disease issues, exacerbate the problem. Viet Nam's substantial soybean import (4.5 million metric tons in 2020) highlights the regional demand, driven by the animal feed and food processing industries. This project aims to address these issues by focusing on developing new varieties and innovative soybean-based products suitable for both domestic and international markets. This strategy will not only increase soybean demand but also generate new business opportunities for local farmers and small enterprises. By diversifying soybean utilization, the project seeks to reduce reliance on traditional production methods and foster a more sustainable and resilient soybean industry in Lao PDR, potentially benefiting the broader region given Viet Nam's import needs. Read more...
