China: Oilseeds and Products Update

China’s oilseed consumption continues to grow, driving demand for increased oilseed imports and government support to expand oilseed production. Post forecasts MY18/19 total oilseed consumption to reach 164.3 million metric tons (MMT) based on the continued growth of the animal husbandry industry’s demand for protein meal. In order to meet this demand, post forecasts soybean imports to increase to 100.5 MMT in MY18/19. The Government of China is also pushing for additional domestic soybean production and post forecasts that MY18/19 soybean production will exceed 15.2 MMT. 

China: Oilseeds and Products Update