China to Import and Crash More Oilseeds for Growing Feed Consumption

China imports Oilseeds have increased, will reach 96 MT in 2024 according to OECD reporting on oilseeds & oilseed products. Soybean meal, in particular, linked with China feed demand and China soybeans imports. 

As statistics indicated that China soybeans imports in 2023 more than 99.4 million metric tons. In the first half of 2024 amounted to 84.2 million tones, 4.7% more than the same period in 2023. Forecast in 2026 China soybeans imports oil demand was to exceed 23 million metric tons.

Major oilseeds crush plants in China operates under Cargill, that handle oilseeds bulk products, including soybeans and canola seeds, corn, soybean meal, vegetable oils, as well as NGFI products, the company is one of the major suppliers and processors of grains and oilseeds in China. Look at this recent article from WorldGrain

China will crush more oilseeds in 2024-25 as it sees a moderate demand recovery for protein meals in the feed sector, according to a report.

Total oilseeds for crushing are estimated at 137.3 million tones in 2024-25, up from an estimate of 135.3 million tones in 2023-24. Overall feed consumption continues to grow, driving soybean meal use.

Soybean crushing is estimated at 99 million tones in 2024-25, up from 97.5 million tones in 2023-24. Lower soybean meal prices and competitive pricing for exports have incentivized crushing.

Feed consumption is expected to continue upward in 2024 taking into consideration the production gains of animal products.”.....See more from WorldGrain here

Interesting that higher demand for oilseeds for crushing reflects a moderate demand recovery for protein meals in the feed sector, feed consumption continues to grow, driving soybean meal use.

In fact, Soybeans are the most common feedstuff. Soybean meal is used in food and animal feeds, produced as a co-product of soybean oil extraction, which is principally as a protein supplement. According to ScienceDirect , Soybeans and Soybean Meal (SBM) are globally traded.

The expansion in world soybean trade is directly linked to projected slower growth of the soybean crush in China and imports.

Exports of soybeans originate predominately from Brazil and the United States. As for other oilseeds, China, and the European Union, are netimporters. In fact, the feed sector’s demand for SBM drives soybean crushing demand.

Statistics indicated that Soybean imports to China have been increasing. In 2023, more than 99.4 million metric tons of soybeans were imported to China. China's domestic soybean oil demand was forecasted to exceed 23 million metric tons by 2026, according to statistics

Over soybean China consuming, realizable data showed that. In marketing year ending in September 2023, China consumed around 75.05 million metric tons of soybean meal. In marketing year ending in September 2024, the estimated soybean meal domestic consumption volume was 77.35 million metric tons. 2024 data

If you are an oilseeds, including soybeans supplier or exporter to the Chinese market, one thing you must keep in mind that all oilseeds, soybean exports to China, including consignments from small volume exporters, your attention must direct to these 2 important China Decrees:

GACC Decree 249 - Administrative Measures on import and export food safety.

GACC Decree 248 – Regulations On The Registration And Administration Of Overseas Producers of Imported Foodstuff.

In addition, for Overseas Feed Suppliers, taking global situation into account, you should know in 2024. Regarding China sourcing sustainable farm products, the country takes nascent steps in 2024. Agricultural products importing to China with motivated Chinese importers

The last, not the least, China.org can help Overseas Suppliers succeed direct exporting to China