China’s soybean imports are likely to exceed 110 million tons in the 2021/22 market year, [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’] a record high, as hog and sow populations recover faster than expected from the African Swine Fever epidemic, according to S&P Global Platts.
Even in the 2020/21 market year, China’s soybean imports are expected to exceed USDA’s forecast of 100m tonnes, according to China-based analysts.
China relies heavily on imports of soybeans, with more than 80 percent processed into animal feed. Analysts said, China’s growing soybean demand is expected to further support soybean futures prices.
Experts predict that the impact of imported soybeans will inevitably lead to domestic organic soybean prices in a stable state, which is optimistic for exporters full of confidence.
|Product Name||Organic soy bean|
|Package||25kg paper bag|