April 14, 2025 | 07:21 GMT +7
Hotline: 0913.378.918
April 14, 2025 | 07:21 GMT +7
Hotline: 0913.378.918
* Crushers stepped up purchases on healthy demand
* Rains in top exporter Brazil slow harvest, boost U.S. exports
* New African swine fever cases hurt pig production, soymeal demand (Adds details on edible oils in paragraphs 9-10)
The world’s top market for soybeans brought in 13.41 million tonnes of the oilseed in January and February, down 0.8% from 13.51 million tonnes a year earlier, according to data from the General Administration of Customs.
China’s customs office releases preliminary trade data for January and February together rather than separately to smooth out distortions caused by the week-long Lunar New Year holiday, which this year was in mid-February.
Soybean imports surged to a record last year as crushers ramped up purchases on improved margins and healthy demand from the pig sector.
Chinese importers typically turned to U.S. cargoes in the fourth quarter and early months of the year when American beans dominate the market. Beijing also boosted purchases of U.S. farm products, including soybeans, to fulfil its pledge in the bilateral Phase 1 trade deal reached in January 2020.
Crushers would also start buying from Brazil early in the year as the new crop in the South American country enters the market, but rains have slowed harvest there and boosted exports of U.S. beans.
China’s demand has helped the rebuilding of a once massive pig herd that was decimated by the deadly African swine fever disease. Recent outbreaks, however, are hurting pig production in some northern and northeastern provinces, dampening demand for soymeal, a key ingredient in feed.
Chinese crushers brought in soybeans to crush into soymeal to feed the livestock sector, and soyoil for cooking oil.
China’s imports of edible vegetable oils in the January-February period soared 48% from a year earlier to 2.04 million tonnes, amid high domestic prices and strong demand.
China’s soybean oil futures prices rallied nearly 80% from year-earlier levels, while rapeseed oil futures rose 70%.
Reuters
(VAN) Tariffs are making life more expensive for John Pihl. He's been farming in Northern Illinois for more than 50 years.
(VAN) European and American farmer organisations are concerned about the import tariffs that the United States introduced on 9 April for products from the European Union. This makes them 20% more expensive.
(VAN) Global poultry trade is expected to remain strong amid relatively tight global protein supply and growing consumption, RaboResearch concludes in its latest animal protein report.
(VAN) Traditional methods benefit hundreds of species but as new agricultural techniques take over, the distinctive haystacks mark a vanishing way of life.
(VAN) The nation’s top banks are quietly advising their clients on how to build a financial life raft - or perhaps life yacht - from the wreckage of runaway climate change.
(VAN) From FAO Office in the Democratic Republic of the Congo.
(VAN) Corn prices in the Campinas region have surged past 90 reais ($15.80) per 60-kg bag, the highest nominal level in nearly three years, marking a more than 23% jump year-to-date, according to the widely followed Cepea index from the University of Sao Paulo.
