China approves Ethiopian soybean meal imports to diversify supplies
China has approved imports of soybean meal from Ethiopia as part of efforts to expand protein sources amid the trade war between Beijing and Washington, Reuters reported, citing a statement from Chinese customs.
The country will be allowed to import Ethiopian soybean meal that meets China’s phytosanitary standards and is free of pests from July 3, the statement said.
The approval comes after Chinese feed makers secured their first shipment of soybean meal from Argentina since approving imports in 2019 in an effort to ease potential disruptions from the US-China trade war. In June, China also approved imports of soybean meal from Uruguay, joining a growing list that includes Argentina, Brazil, Russia and Belarus.
China primarily imports soybeans from Brazil and the US for processing into soybean meal domestically, with limited direct imports of soybean meal.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
AgriSupp Data Constructor – create personalized subscription package!
Corn prices in Ukraine remain high, although they have fallen sharply in Chicago
Global sunflower oil market is losing volumes from the EU and the Black Sea region
Barley market — is there real hype?
Trump called the Big Four meatpacking plants foreign cartels
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon