China’s Sinograin to auction imported soybeans amid supply shortage

Published Mar 23, 2025

Tridge summary

China's state-owned stockpiler, Sinograin, is planning to auction 160,000 metric tons of imported soybeans in mid-March, marking its first sale in two months due to supply issues that have led to production halts for several processors. The auctioned soybeans, produced between 2022 and 2023, will be delivered between April and May, coinciding with a large shipment of Brazilian soybeans as China prepares to import a record 31.3 million metric tons of soybeans, mainly from Brazil, from April to June. This move is in retaliation to new U.S. duties on Chinese exports, and Brazil's expected large harvest is set to further increase China's soybean imports in the coming months.

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

Original content

China’s state stockpiler Sinograin is set to auction 160,000 metric tons of imported soybeans, its first such sale in two months after supply tightness prompted several processors to halt production. The auction, of soybeans produced between 2022 and 2023, will begin on March 25, with deliveries scheduled between April 1 and May 15, according to a statement released by the National Grain Trade Centre on Friday. Sinograin previously sold 79,000 metric tons of soybeans in January. The lack of auctions since, combined with delayed Brazilian shipments and slow customs clearances, has caused supply tightness that forced several processors to halt operations this month. Johnny Xiang, founder of Beijing-based AgRadar Consulting, said while the auction will help address supply concerns, the timing may be suboptimal. “The auctioned soybeans will arrive at mills in May, around the same time as a large shipment of Brazilian soybeans,” Xiang said. China, the world’s largest soybean ...

Source: Hellenic Shipping News