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China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals
12.02.2025 09:06 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Oilseeds: World Markets and Trade (February 2025), for over 2 decades, China has been the primary destination for exported soybeans, accounting for over 60 percent of global imports in recent years. These imports are utilized by the largest crushing industry in the world to produce soybean meal for the world’s largest swine herd (approximately half of the world’s pigs) and one of the world’s largest poultry flocks. In recent years, China has aimed to diversify its supplier base and ensure a stable food supply for its population. However, despite efforts to diversify suppliers, China soybean imports have remained concentrated between the 3 major suppliers. Imports of alternative protein meals have increased but are still low compared to soybeans. Soybean meal is the largest source of protein for feed rations in China, but feeding of mid-protein meal is on the rise. From 2013/14–2017/18, meal from imported soybeans averaged 93 percent of total imported soy meal equivalent (SME).1 Increased utilization of other protein meals pushed meal from imported soybeans down to 87 percent in 2023/24. Imports of other protein meals on a SME basis more than doubled over this period, largely driven by import growth of sunflowerseed and rapeseed meal. China started to import significant quantities of sunflowerseed meal in 2018/19, primarily from Ukraine, after a new protocol was established in late 2017. AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin. Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).
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