Chinese feed producers expect rising costs, if one can not exclude the soybeans in the trade dispute with the USA. Soybean meal and soybean prices have already risen sharply in China. As a result, pig prices will rise soon, so the expectation.
China annually imports $ 40 billion of soybeans, which is used to produce feed and edible oil. About a third of them come from the USA.
With no timetable for the introduction of Chinese soybean punitive tariffs, Chinese market participants are deeply insecure.
Meanwhile, the Beijing Ministry of Agriculture has not changed its forecast for soybean imports for the 2017/18 marketing year. And the outlook for the next season is still unchanged.
Ministers in the ministry said yesterday that low corn prices will prevent corn prices from rising due to start of sales from state-owned farms.
Text: HANSA Derivatives Trading GmbH /
