China: Oilseeds and Products Annual
Link to report:
This year China’s hog and sow herds will begin to recover from the impacts of African Swine Fever, pushing up protein meal feed use, soybean crush volume, and total oilseed demand in marketing year (MY) 20/21. The gradual recovery of the swine and crush sectors will also push up soybean imports in MY20/21 to 86 MMT compared to an estimated 84 MMT in MY19/20. Vegetable oil use will grow more slowly in MY 20/21 than in recent years due to reduced demand from the restaurant, hotel, and catering sectors attributed to the Covid-19 outbreak. Domestic oilseed production is forecast to be stable in MY20/21 at 60.6 MMT compared to an estimated 59.9 MMT the previous year, with soybean and rapeseed production basically unchanged.
