China has purchased another batch of soybean meal from Argentina

Grain trader Bunge Global SA has sold another cargo of Argentine soybean meal to China as the Asian country seeks to diversify supplies of a key animal feed ingredient amid a trade war with the United States, Bloomberg reported.

The sale comes after Bunge recently chartered its first shipload to China. A new shipment is expected to leave in September.

China has traditionally imported soybeans, mostly from the United States and Brazil, to process them into animal feed and vegetable oil at home. But Beijing opened its doors to Argentine meal in 2019, during President Donald Trump’s first trade war with the world’s largest buyer of the commodity.

The new sale from Argentina also comes after President Javier Miley cut export duties, making products from the world’s largest soybean meal exporter more competitive.

“China has been very vocal about their commitment to food security, so I think it’s absolutely logical and rational that they continue to develop different alternatives,” Bunge CEO Greg Heckman said on an earnings call last week. Importing soybean meal from Argentina “is a new option that they’re developing.” According to OleoScope, the Daylian China soybean meal price for August delivery on 06/08/2025 was $418.67/t, down $1.18/t from the previous price of $419.86/t on 05/08/2025.

Tags: China, soybean meal, Argentina