China: Oilseeds and Products Update

Due to the ongoing trade tension between the United States and China, Post forecasts soybean imports will fall by 1 million metric tons (MMT) to 94 MMT in MY18/19 and total oilseed imports will be down slightly to 100.2 MMT. However, oilseed consumption will continue to rise, bolstered by the persistent growth of demand for protein meal by the livestock industry. Post forecasts MY18/19 total oilseed consumption will increase by about 2 percent to reach 159.83 MMT. Demand growth will continue to drive both China’s imports of oilseeds and government support to expand oilseed production.

China: Oilseeds and Products Update