China to import record 86mt soybean for MY2016/17

07.12.2016

From July to September 2016, China imported 5.45 million tonnes of soybeans from the US —403% more than the same period last year. Chinese imports of US soybeans are expected to remain strong during the 2016/17 marketing year.

According to the USDA’s Foreign Agricultural Service, China’s soybean imports are forecast at a record 86 million tonnes for MY 16/17, in anticipation of higher demand for feed and protein meal due to a recovery in swine production and steady growth in China’s poultry sector.


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