China’s soybean imports expected to slow down and eventually decline through 2030
Soybean Meal
Soybean
China
Published Jan 10, 2023
Tridge summary
China will reduce the amount of soybeans it imports over the next seven years, in progressive fashion, due to slower livestock production growth, continuous improvement in farming practices, and widespread adoption of a low-soymeal inclusion ratio in feed formulations nationwide, finds a Rabobank report.
Original content
“The inclusion rate of soymeal in feed rations is projected to drop, as the Chinese government is launching a soymeal reduction campaign aimed at lowering the dependence on imported soybeans to ensure food security,” reported Lief Chiang, senior analyst, grains and oilseeds, Rabobank. The Chinese government’s 14th Five-Year Plan highlighted supply chain security risks related to grain and oilseed imports. Amid geopolitical complications, soybean imports became a focal point in trade between the US and China. The government hopes that reducing its reliance on soybean imports will help it take a more proactive position in bilateral diplomacy. Though, when needed, and only as a short-term measure, the analysts said the Chinese government might encourage soybean imports or conduct stock buying to replenish state reserves. In a low-soymeal scenario, China would only need to import 87m metric tons in 2025 and 84m metric tons in 2030, and the inclusion rate of soymeal in feed rations ...
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