USDA FAS sees rising soybean demand for China

News

USDA FAS sees rising soybean demand for China

The USDA’s Foreign Ag Service expects China to import 84 million tons of soybeans this marketing year and 86 million tons next marketing year.

That’s as China’s hog and sow inventories expand and recover from the spread of African swine fever, increasing crush demand and the use of soybean meal.

Vegetable oil demand is also expected to grow, but at a slower pace because of the impact of COVID-19 on food service demand.

The 2019/20 marketing year for U.S. soybeans runs through the end of August. The USDA’s next set of supply and demand estimates is out April 9th.

Email this to someone

email

Share on Facebook

Facebook

Tweet about this on Twitter

Twitter

Print this page

Print

The post USDA FAS sees rising soybean demand for China appeared first on Voice Of Muscatine.

Be the first to comment

Leave a Reply

Your email address will not be published.


*