It is predicted that China’s soybean import volume in 2021/22 will be 93 million tons

The national grain and Oil Information Center released the monthly report on the supply and demand of oil and oil market on April 8, predicting that the new supply of soybeans in China in 2021 / 22 will be 109.4 million tons, including 16.4 million tons of domestic soybeans and 93 million tons of soybean imports, down 3 million tons from the predicted value of the previous month.

It is estimated that the annual soybean oil pressing consumption is 94.8 million tons, a year-on-year decrease of 4.35 million tons, a decrease of 4.4%, including 1 million tons of domestic soybeans; It is estimated that soybean consumption and industrial consumption will be 16.05 million tons, a year-on-year decrease of 1.28 million tons, and the annual soybean supply and demand gap will be 2.37 million tons.

Source: National Grain and Oil Information Center

Post time: Apr-13-2022