China: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   CH2023-0102

Contact:

Office of Agricultural Affairs, Beijing   |   (011-86-10) 8531-3600

Link to report:

China: Oilseeds and Products Update

Soybean imports are increased to 98 million metric tons (MMT) and 98.5 MMT in marketing year (MY) 22/23 and MY 23/24, respectively, on rebounding soybean meal (SBM) and soybean oil demand. The end of COVID related restrictions, lower prices following a record soybean harvest in Brazil, and modest growth in the swine and poultry sectors are expected to increase SBM consumption. Higher subsidies in major soybean producing regions are expected to modestly increase planted area and production in MY 23/24. Rapeseed imports surged to 4 MMT in the first 8 months of MY 22/23 on rebounding demand for oil and strong demand in the aquaculture feed sector.

East Asia and the Pacific, China
Oilseeds, Soybean Meal, Soybean Oil, Soybeans, Oilseeds (excl. soybean)

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Sweden: Systembolaget Recognizes California Sustainable Winegrowing Alliance Certified Wines

Systembolaget, Sweden’s government alcohol monopoly, now officially recognizes wines certified by the California Sustainable Winegrowing Alliance (CSWA), allowing CSWA-certified wines to qualify for Systembolaget’s “Most Sustainable Beverages” label.
Attaché Report (GAIN)

China: Stone Fruit Annual

China’s peach and nectarine production is forecast to fall 3 percent year-on-year to 17 MMT in MY 2025/26, driven by drought in the northwest and a spring cold snap in the north.
Attaché Report (GAIN)

Ukraine: Exporter Guide Annual

Despite the Russia-Ukraine war, Ukraine's retail, food processing, and food service sectors are functioning. The retail industry is working to maintain an assortment of imported products.