China's soybean imports will reach today's opinion an official expert Commission (CNGOIC) in the season October 2015 until September 2016 the record volume of 77 million tons. That would be 5.5% more than in the previous year. The USDA had estimated at 77.5 million tons the import quantity in their last report.
China's own soybean harvest will be smaller 9.5%, as in the previous year and 11 million tonnes estimated. The farmers have expanded their corn - and rice-growing at the expense of soybean cultivation, because they themselves promise of better income. The acreage falling by 10.3%.
China imported more than 60% of the global offered soybeans from Brazil, the United States and Argentina. A rising meat consumption is driving the demand of protein oilseed, from which to make soybean meal as animal feed and cooking oil for human consumption.
China's rapeseed imports have fallen in the last season (June-may) from 4.8 to 4.5 million tonnes. Imports came from Canada and Australia. In the coming season, experts expect a surge of imports to 5.7 million tonnes.
