China's soybean imports are expected to decrease by 2030

Published Jan 26, 2023

Tridge summary

China, the world's largest importer of soybeans, is expected to see a decrease in soybean imports due to a government campaign to reduce the use of soybean meal in feed, aiming to reduce dependence on imported soybeans for food security. This could have significant impacts on the global supply chain, shifting the focus to other regions like the Middle East, Southeast Asia, and South Asia. Meanwhile, the United States and Brazil are expected to increase their soybean meal exports due to growing demand for biofuels, benefiting integrated traders with processing plants in the Americas. The article also discusses the potential effects of these changes on various actors in the soybean supply chain, including producers, traders, and feed manufacturers.

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

Original content

China is currently the world's largest importer of soybeans, accounting for more than 60% of global trade, and soybean imports are mainly controlled by feed production. Future imports are primarily influenced by the outlook for feed demand and the proportion of soybean meal in feed rations. "We expect China's feed consumption to maintain low single-digit growth," said Lief Chiang, senior analyst at Rabobank's grains and oilseeds division. "However, the use of soybean meal in feed rations is forecast to decline as the Chinese government launches a soybean meal reduction campaign aimed at reducing dependence on imported soybeans for food security." Reducing the proportion of soybean meal in feed creates an opportunity for start-ups to develop new technologies and innovative ingredients. “A low soybean meal inclusion scenario will require extra use of amino acids to meet the nutritional needs of animals,” said Chenjun Pan, senior analyst at Rabobank's animal protein division. Chinese ...

Source: magyarmezogazdasag