# China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank | S&P Global

> Rabobank projects Chinese soybean oil consumption to fall 7% year on year in H1 2020 to 3 million mt, and soybean meal consumption to fall 4% to 13 million mt. The drop is attributed to coronavirus disruption of supply chains, foodservice demand, and poultry production.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Lower Chinese crush demand reduces soybean meal feed demand and soybean imports, weighing on soy complex prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -1.7% | -1.9% |
| SBM | 2019-10-03 | [Rabobank: China’s hog feed consumption to fall 40% \| Feed Strategy](https://feedsoft.ai/events/56565-rabobank-china-s-hog-feed-consumption-to-fall-40-feed-strategy.md) | +1.7% | +0.6% |
| SBM | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -3.0% | -2.9% |
| SBM | 2020-03-04 | [Coronavirus complicates ASF situation in China \| Feed Strategy](https://feedsoft.ai/events/54125-coronavirus-complicates-asf-situation-in-china-feed-strategy.md) | -2.6% | +5.8% |
| SBM | 2021-06-21 | [Swine Fever Variants Lead to Mass Outbreaks Across China - Caixin Global](https://feedsoft.ai/events/46447-swine-fever-variants-lead-to-mass-outbreaks-across-china-caixin-global.md) | -5.5% | -2.2% |
| SBO | 2020-02-19 | [Palm oil extends losses on weak demand  - The HinduBusinessLine](https://feedsoft.ai/events/10641-palm-oil-extends-losses-on-weak-demand-the-hindubusinessline.md) | -4.1% | -17.2% |
| SBO | 2020-03-30 | [NCP affects vegetable oil consumption and livestock production, and new changes appear in vegetable oil and meal markets - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant](https://feedsoft.ai/events/54211-ncp-affects-vegetable-oil-consumption-and-livestock-production-and-new-changes.md) | -1.6% | -6.9% |
| SBO | 2020-03-31 | [The price of sunflower and soybean in Ukraine in the near future may be reduced](https://feedsoft.ai/events/54255-the-price-of-sunflower-and-soybean-in-ukraine-in-the-near-future-may-be-reduced.md) | -0.1% | -5.8% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/022820-chinas-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak-rabobank

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.