China to produce 40 percent more soybeans by 2025 in self-sufficiency drive
Soybean
China
Published Jan 14, 2022
Tridge summary
BEIJING, Jan 13 (Reuters) - China said it would raise domestic soybean output sharply in the next four years, in a drive to boost self sufficiency in supply of the oilseed, according to an official document released on Thursday. The country has set a goal to produce about 23 million tonnes of soybeans by end of 2025, up 40 percent from current output levels of 16.4 million tonnes, the Ministry of Agriculture and Rural Affairs said, releasing its 14th five-year plan on crop farming.
Original content
Expansion of soybean and oilseeds production in 2022 was urged during a top central leadership policy meeting in late December. The 2025 goal also comes as the pandemic continues to roil farm produce supply chains and trade tensions linger between China and the U.S., its second-largest supplier of soybeans. China relies on the global market for 85 percent of its soybean demand and the import origins are highly concentrated, the ministry said in the five-year plan document. In 2019 China set out a plan to revitalise domestic soybeans, and has later repeatedly reiterated the need to boost domestic output, to secure grain security and cut reliance on imports from the United States. Soybean output in China fell 16 percent in 2021 from the previous year, as some farmers dumped growing the oilseed and turned to more profitable crops like corn. According to the five-year plan document, China will cultivate land specifically for growing soybeans, expand soybean-corn rotation programmes ...
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