China: Oilseeds and Products Annual
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China’s soybean imports are forecast to reach a record 100 million metric tons (MMT) in marketing year (MY) 21/22 and an estimated 99 MMT in MY20/21 to meet feed demand from the livestock and poultry sectors. MY21/22 soybean production is forecast essentially flat at 18.6 MMT based on stable acreage and minimal yield growth. Demand for oilseeds, meal, and oil is projected to maintain a moderate growth trend on robust consumer demand for animal protein, vegetable oil, and soy-based foods.