China soybean imports continue grow

26.10.2016

A recovery in swine production and steady growth in the poultry sector, and subsequent higher demand for feed and protein meal, will see China’s soybean imports reaching a record of 86 million tonnes in 2016-17, up from the estimated 82.5 million tonnes in 2015-16, the US Department of Agriculture’s Foreign Agricultural Service said.

The soybean import growth rate, however, is expected to slow due to a forecasted recovery in local production and China’s sale of oilseed stocks and reserves. Lower imports of DDGS after the implementation of anti-dumping duties has increased demand for soybean meal and could support growth in imports.


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