China 2017/18 soybean imports soarStaff Writer | June 19, 2017
Global soybean consumption is forecast to grow 4% in 2017/18, driven mainly by China’s strong protein feed demand.
Food trade Strong protein feed demand
Despite recent variability in animal production, expanding pig populations, consolidation and modernisation of the animal production sectors as well as a growing aquaculture industry, are driving total feed demand and production upward.
China’s soybean imports from October to April 2017 stood at 49.6 million tonnes, 4.2 million more than the same period last year.
Imports so far this year from the US total 33.4 million tonnes, over 6.8 million more than last marketing year. ■