Latest news with #feedmakers
Reuters
08-07-2025
- Business
- Reuters
China approves Ethiopian soymeal imports to diversify supply
BEIJING, July 7 (Reuters) - China has approved the import of soybean meal from Ethiopia, a Chinese customs statement showed, as part of efforts to broaden its protein sources amid a trade war between Beijing and Washington. Effective July 3, Ethiopian soymeal that meets China's phytosanitary standards and is free of pests will be allowed into the country, the statement said. "This is part of a broader strategy to diversify supply sources and reduce reliance on imported soybeans. The volume is not expected to be large," said Rosa Wang, an analyst at Shanghai-based agro-consultancy JCI. The approval follows Chinese feedmakers securing the first soymeal shipment from Argentina since imports were approved in 2019, an effort to mitigate potential disruptions from the U.S.-China trade war. Although China mainly imports soybeans from Brazil and the U.S. to crush into soymeal domestically, direct imports of soymeal remains limited. In June, China also approved soymeal imports from Uruguay, adding to an expanding list that includes Argentina, Brazil, Russia, and Belarus.
Reuters
26-06-2025
- Business
- Reuters
Exclusive: Chinese feed makers sign first bulk deal for Argentine soymeal since 2019, sources say
BEIJING/SINGAPORE, June 26 (Reuters) - Chinese feed makers have booked a deal for 30,000 metric tons of Argentine soymeal for July shipment, marking the country's first such purchase since China granted import approval for the product in 2019, four trade sources told Reuters on Thursday. The cargo was jointly purchased by several Chinese feed makers and is expected to arrive in September in southern China's Guangdong province, the sources said. China is the world's biggest consumer of the protein-rich animal feed raw material but produces most of it by crushing soybeans mainly imported from Brazil and the United States. Argentina is the world's top exporter of soy oil and meal. Chinese feed makers are trying to ensure supplies if Beijing's trade war with the U.S. curbs soybean purchases, the trader said. The soymeal cargo was sold at $360 per ton on a CNF (cost and freight) basis, they added. "This is just a test case. Some companies have got together and booked 30,000 tons. If it goes through China's inspection and quarantine, we expect more deals," said one Singapore-based trader at an international trading company, which sells soybeans to China.
