According to Goldman Sachs, China could reduce its dependency on imported soybeans from the current level of around 90% to below 30% within a decade, amid the robust implementation of food security measures by Beijing.
Original content
This move reflects China's long-term strategy to strengthen food security, minimize geopolitical risks, trade fluctuations, and stabilize domestic agricultural production. The analysis group led by Ms. Trina Chen reported that during the period 2021–2024, China reduced annual soybean consumption by 15 million tons through aggressive demand management measures. These measures, initiated during the first US-China trade war, included reducing the soybean ratio in animal feed, improving feed conversion efficiency, and optimizing protein blend formulas for livestock. Goldman Sachs emphasized that the aforementioned measures play a "crucial role in minimizing barriers and uncertainties" in soybean trade activities between China and the US and South America. Nevertheless, soybeans remain central to China's food security issue, as they are both a source of edible oil and a critical input for animal feed, and one of the country's strategic import items. Domestic demand shapes economic ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.