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USDA attache sees China 2021/22 soybean imports at 100 million tonnes
calendar19-03-2021 | linkwww.agriculture.com | Share This Post:

18.03.2021 (www.agriculture.com) - March 18 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Beijing:

"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."

To read the full report, click: https://bit.ly/3r19zPy

(Reporting by Julie Ingwersen in Chicago; Editing by Peter Cooney)

https://www.agriculture.com/markets/newswire/usda-attache-sees-china-202122-soybean-imports-at-100-million-tonnes