China: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   CH2021-0105

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China: Oilseeds and Products Update

Soybean imports are forecast at 101 million metric tons (MMT) in marketing year (MY) 21/22, up 3 MMT from the previous year. The increase is based on growing soybean meal feed use, lower soybean production, and limited imports of rapeseed. Soybean imports for MY20/21 are estimated at 98 MMT, a slight fall from the previous year that is mainly due to decreased pork and poultry profitability. Soybean production for MY21/22 is forecast 0.6 MMT lower than MY 20/21 as farmers switched soybean acreage to corn in response to high corn prices in MY20/21.

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

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