# China's palm oil imports to avoid 17-year low, with soy imports to exceed forecasts too - Grain Price News

> The USDA Beijing bureau expects China to import 94.0m tonnes of soybeans and 5.0m tonnes of palm oil in 2021-22, both above official USDA figures. China's palm oil imports had slumped 43% in the first eight months of the season. For 2022-23, palm oil imports are projected at 6.90m tonnes, below USDA's 7.20m, as a larger domestic soybean harvest is expected.

- Date: 2022-07-08 · published 2022-07-08T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/14914-china-s-palm-oil-imports-to-avoid-17-year-low-with-soy-imports-to-exceed
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger-than-expected soybean buying supports soy demand, while a lower 2022-23 palm oil import outlook weighs on palm oil demand and prices.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-11-07 | [US officials upbeat on China's soy imports, even as data show volumes hitting 8-year low - Grain Price News](https://feedsoft.ai/events/14888-us-officials-upbeat-on-china-s-soy-imports-even-as-data-show-volumes-hitting-8.md) | +0.3% | -0.9% |
| SOY | 2017-08-01 | [Demand for oilseeds drives China’s soybean imports \| World-grain.com \| August 01, 2017 14:22 \| World Grain](https://feedsoft.ai/events/69328-demand-for-oilseeds-drives-china-s-soybean-imports-world-grain-com-august-01.md) | -3.5% | -6.0% |
| SOY | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -0.2% | +0.4% |
| SOY | 2021-11-08 | [China’s soy imports increase as swine rebounds \| World Grain](https://feedsoft.ai/events/14977-china-s-soy-imports-increase-as-swine-rebounds-world-grain.md) | +3.5% | +5.8% |
| SOY | 2020-09-09 | [Feed demand increases China’s soybean imports \| 2020-09-09  \| World Grain](https://feedsoft.ai/events/51186-feed-demand-increases-china-s-soybean-imports-2020-09-09-world-grain.md) | +1.9% | +7.3% |
| PALMOIL | 2022-03-24 | [Indonesian palm oil output, exports to hit record high in 2022-23 - Grain Price News](https://feedsoft.ai/events/15835-indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23-grain-price.md) | -0.9% | -4.0% |
| PALMOIL | 2019-05-17 | [FAO vegetable oil price index at eleven-year low - Renewable Carbon News](https://feedsoft.ai/events/59164-fao-vegetable-oil-price-index-at-eleven-year-low-renewable-carbon-news.md) | -1.7% | -2.3% |
| PALMOIL | 2020-06-16 | [FAO vegetable oil price index falls to eight-month low - Renewable Carbon News](https://feedsoft.ai/events/52705-fao-vegetable-oil-price-index-falls-to-eight-month-low-renewable-carbon-news.md) | +3.0% | +5.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/07/08/chinas-palm-oil-imports-to-avoid-17-year-low-with-soy-imports-to-exceed-forecasts-too/

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