07.
08.18
14:22

Oil-World: China's imports of US soybeans will start soon again

Even though the trade dispute between China and the US has not yet been resolved, China is likely to buy US soybeans in the coming weeks, according to the Hamburg-based analysis agency Oil World in today's circular.
In July, China raised its import duties on US goods, including soybeans, by 25%. China is also looking for protein-containing feed from other countries, especially from South America. There is the offer but not too big. That's why China will soon have to buy US beans again. Oil World estimates that China will import 15 million tonnes of US beans between October 2018 and March 2019.
Over the next six months, soybean offerings from South America will decrease noticeably.
If less soybeans or soybean meal come to China, there is a danger that China will have to restrict its meat production. There are even concerns that soybean meal must be imported from Argentina. So far, China's oil mills had produced the meal itself, so that the value added for the shredding remains in the country.
As a result, Argentina will have to import soybeans.

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