China 2017/18 soybean imports soar

16.06.2017

Global soybean consumption is forecast to grow 4% in 2017/18, driven mainly by China’s strong protein feed demand. This demand is projected to lift soybean imports to a record 93 million tonnes, said the USDA in a report. Despite recent variability in animal production, expanding pig populations, consolidation and modernisation of the animal production sectors as well as a growing aquaculture industry, are driving total feed demand and production upward.

China’s soybean imports from October to April 2017 stood at 49.6 million tonnes, 4.2 million more than the same period last year. Imports so far this year from the US total 33.4 million tonnes, over 6.8 million more than last marketing year.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult