Brazil remains the largest supplier of soybeans and soybean meal to China

China has purchased about 99.9 million tons of soybeans since the beginning of April 2023, according to data from S&P Global Commodities at Sea. In particular, during the period under review, the country received 71.4 million tons of oilseed from Brazil, which is about 71.5% of the total volume of imports of the crop to China.

In addition, buyers from the Celestial Empire also actively purchased U.S. soybeans during the year, although supplies from this region are noticeably lower than from Brazil. Small batches of oilseeds were delivered to China from Argentina, Russia and Canada.

According to available information, since April last year China also imported more than 926 thousand tons of soybean meal, the share of Brazil here is also overwhelming – 84% (or 777 thousand tons in physical terms). Smaller volumes were imported from Argentina and New Zealand.

Tags: soybean, soybean meal, China, Brazil