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Special Report: China’s Soybean and Product Import Demand in 1998/99 Is on the Rise, Yet Key Questions Remain
November 2, 1998
China may soon overtake Japan to become the largest market for U.S. soybeans and products. In 1997/98 (through August) the U.S. exported over 1 billion dollars worth of soybeans, meal and oil to China and Hong Kong. A reduction in China’s 1998 soybean production as well as a slowdown in economic growth have raised many questions regarding China’s future demand for U.S. soybeans and products. China’s imports of soybeans and meal are each currently forecast to increase in 1998/99, to 3.6 (3.0) and 4.4 (4.0) million tons respectively (previous year). Is there room for this much growth while livestock production growth is slowing and regional meat import demand is stagnating? What about vegetable oil imports?
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