China cuts raw material imports, moves towards self-sufficiency.

Source: nhachannuoi.vn Chinese feed producers are considering restructuring their businesses and shifting to full-cycle production after the Chinese Government announced a significant reduction in the import of certain crops and goods serving the domestic feed industry. This move is considered a national security issue. Ongoing trade disputes with the United States and broader geopolitical instability have prompted the Chinese Government to accelerate initiatives to replace key imported components in animal feed with domestic alternatives. China's feed industry is estimated to reach 330 million tons. According to the plan, China will accelerate the transition from soybean meal to the main feed ingredient and expects similar changes for corn. The target is to reduce the soybean meal ratio in feed to 10% by 2030, down from the current 13%. According to recent calculations by Reuters, China could reduce its annual soybean imports by about 10 million tons – equivalent to about half ...