# Big soybean imports, soymeal price to stay at low level - China Sugar and Soft Drink Report - CnAgri-China Agriculture Consultant

> China's soybean imports reached 9.38 million tons in May, the highest of the year, with 8.86 million from Brazil, and monthly arrivals from June to August could exceed 10 million tons. Domestic soymeal prices fell sharply in June to an average of 2,763 yuan per ton amid slow livestock demand, and customs are requiring virus tests on imports from high-risk countries.

- Date: 2020-07-09 · published 2020-07-09T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/11495-big-soybean-imports-soymeal-price-to-stay-at-low-level-china-sugar-and-soft
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy port stocks and rising arrivals point to continued supply pressure on soymeal in China, a major import market. Weak domestic demand from the livestock sector keeps meal prices under downward pressure.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-10 | [China imposes an additional 25% tariff on US soybean, which or will lead to about 3.5% increase in hog production costs. - Analysis and Viewpoints of China Agriculture  - CnAgri-China Agriculture Consultant](https://feedsoft.ai/events/65492-china-imposes-an-additional-25-tariff-on-us-soybean-which-or-will-lead-to-about.md) | -0.5% | -4.3% |
| SOY | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | +1.0% | -3.3% |
| SOY | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -0.7% | -3.3% |
| SOY | 2018-12-05 | [Soybean Prices Depend on China - Purdue Agricultural Economics](https://feedsoft.ai/events/61595-soybean-prices-depend-on-china-purdue-agricultural-economics.md) | +0.9% | -0.2% |
| SOY | 2021-07-26 | [Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use](https://feedsoft.ai/events/45921-protein-pinch-china-s-soybean-imports-to-slow-over-rest-of-2021-on-curbed-meal.md) | +1.0% | -7.7% |
| SBM | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | -2.1% | -5.9% |
| SBM | 2019-09-05 | [China allows imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia](https://feedsoft.ai/events/57185-china-allows-imports-of-soybean-meal-rapeseed-meal-sunflower-meal-and-sugar.md) | -0.9% | +2.8% |
| SBM | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -3.2% | -7.9% |

## Sources

- en.cnagri.com: http://en.cnagri.com/report/softdrink/20200709/253303.html

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