# Appetite for soya hinders China’s self-sufficiency drive

> China is pursuing a national campaign to raise domestic soybean output as trade ties with the US deteriorate. Soybeans are a major source of animal feed protein, and China relies heavily on foreign suppliers. Beijing sees food security as a long-standing priority.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/14808-appetite-for-soya-hinders-china-s-self-sufficiency-drive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Longer-term self-sufficiency efforts could reduce China's import demand for soybeans and meal, which is bearish for global soybean prices. Near-term effects are limited because domestic output cannot yet replace imports.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-12-29 | [China reports progress on policy to increase soy self-sufficiency \| Feed Strategy \| Feed Strategy](https://feedsoft.ai/events/32690-china-reports-progress-on-policy-to-increase-soy-self-sufficiency-feed-strategy.md) | -4.3% | -8.5% |
| SOY | 2018-10-29 | [China says new animal feed standards will cut chunk out of appetite for soy](https://feedsoft.ai/events/62544-china-says-new-animal-feed-standards-will-cut-chunk-out-of-appetite-for-soy.md) | +3.6% | +2.0% |
| SOY | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -0.2% | -3.8% |
| SOY | 2025-08-12 | [India's ethanol drive threatens its edible oil self-sufficiency goal \| Industry News - Business Standard](https://feedsoft.ai/events/23455-india-s-ethanol-drive-threatens-its-edible-oil-self-sufficiency-goal-industry.md) | +3.2% | +2.2% |
| SOY | 2024-05-23 | [China's food security dream faces land, soil and water woes \| Reuters](https://feedsoft.ai/events/14750-china-s-food-security-dream-faces-land-soil-and-water-woes-reuters.md) | -2.9% | -6.9% |
| SBM | 2023-12-29 | [China reports progress on policy to increase soy self-sufficiency \| Feed Strategy \| Feed Strategy](https://feedsoft.ai/events/32690-china-reports-progress-on-policy-to-increase-soy-self-sufficiency-feed-strategy.md) | -1.4% | -6.6% |
| SBM | 2018-10-29 | [China says new animal feed standards will cut chunk out of appetite for soy](https://feedsoft.ai/events/62544-china-says-new-animal-feed-standards-will-cut-chunk-out-of-appetite-for-soy.md) | +1.2% | -1.4% |
| SBM | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -1.7% | -7.5% |

## Sources

- ft.com: https://www.ft.com/content/3a83312a-e702-489b-a26a-8c8029f54b7a?syn-25a6b1a6=1

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