# China displaced as agricultural market driver | The Western Producer

> A joint FAO-OECD report says India, Southeast Asia and Sub-Saharan Africa are expected to replace China as the main drivers of global agricultural consumption growth over the coming decade. China's share of additional demand is projected to fall from 28% to 11%, reflecting its declining population and slower income growth.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/29209-china-displaced-as-agricultural-market-driver-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A structural shift away from Chinese demand suggests future oilseed and grain export growth will depend more on South and Southeast Asian buyers, a long-term factor rather than an immediate price driver.

## Read by commodity

- SOY: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-05-15 | [Canola sector awaits Chinese anti-dumping investigation \| The Western Producer](https://feedsoft.ai/events/24643-canola-sector-awaits-chinese-anti-dumping-investigation-the-western-producer.md) | -0.4% | -2.3% |
| SOY | 2026-03-20 | [USDA attachés forecast some changes in China’s oilseeds, cereals \| The Western Producer](https://feedsoft.ai/events/14595-usda-attaches-forecast-some-changes-in-china-s-oilseeds-cereals-the-western.md) | +0.4% | -0.1% |
| SOY | 2019-01-12 | [Government shutdown poses threat of agricultural data shock - MarketWatch](https://feedsoft.ai/events/61057-government-shutdown-poses-threat-of-agricultural-data-shock-marketwatch.md) | +1.9% | +0.6% |
| SOY | 2024-10-25 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14712-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | -1.4% | -1.9% |
| SOY | 2019-03-08 | [Trade turns to weather as potential market mover \| 2019-03-08 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/60044-trade-turns-to-weather-as-potential-market-mover-2019-03-08-agri-pulse-agri.md) | -0.1% | +1.8% |

## Sources

- producer.com: https://www.producer.com/markets/china-displaced-as-agricultural-market-driver/

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