Low soybeans import forecast hurts swine feed manufacturers in China

Published 2022년 10월 6일

Tridge summary

China's soybean imports are projected to drop to their lowest level in over two years in October, reaching around 5 million tonnes, as reported by two traders and Ole Houe from IKON Commodities. This decrease, the lowest since March 2020, is anticipated to exacerbate the existing tight supply of soybean meal, a crucial animal feed ingredient. As a result, soybean meal prices in China are expected to approach record highs, causing challenges for swine feed manufacturers. The reduction in imports could also influence Chicago's benchmark futures and ultimately lead to higher pork prices in China, where pig prices have already surged by over 40% since March.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Naveen Thukral and Dominique Patton SINGAPORE/BEIJING (Reuters) - Soybean imports from China are expected to fall to the lowest level in more than two years this month, intensifying a tight supply of the main animal feed ingredient, soybean meal, and compounding problems for manufacturers. of swine feed in the country. Soybean arrivals in China, the world's biggest importer, are estimated at around 5 million tonnes in October, according to forecasts by two traders and Ole Houe, director of advisory services at agricultural broker IKON Commodities in Sydney. Imports of 5 million would be the lowest since March 2020. Soybeans are crushed to make cooking oil and soybean meal, a protein-rich raw material used in animal feed. Chinese soybean meal prices are expected to trade near record highs as feed makers, already facing negative profit margins, struggle to find supplies to meet demand, two Singaporean soybean traders said. + Lula or Bolsonaro? Economist shows how to analyze the ...

Source: Istoedinheiro