# China reports progress on policy to increase soy self-sufficiency | Feed Strategy | Feed Strategy

> China's agriculture ministry reports soybean meal use in animal feed fell 11% year on year in January to November 2023, to 4.44 million tons. The decline came as feed output rose 4%, reflecting a national policy to reduce soybean meal inclusion in feed.

- Date: 2023-12-29 · published 2023-12-29T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/32690-china-reports-progress-on-policy-to-increase-soy-self-sufficiency-feed-strategy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A structural cut in soybean meal inclusion reduces China's import demand for soybeans and meal, which is bearish for global soy complex prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-04-13 | [China seeks to increase soy production](https://feedsoft.ai/events/65493-china-seeks-to-increase-soy-production.md) | -2.2% | -4.5% |
| SOY | 2021-04-21 | [China issues guidance on reducing corn, soy use in feed \| Feed Strategy](https://feedsoft.ai/events/47645-china-issues-guidance-on-reducing-corn-soy-use-in-feed-feed-strategy.md) | +5.3% | +6.9% |
| SOY | 2023-10-19 | [Appetite for soya hinders China’s self-sufficiency drive](https://feedsoft.ai/events/14808-appetite-for-soya-hinders-china-s-self-sufficiency-drive.md) | -1.7% | +5.6% |
| SOY | 2018-09-03 | [FSA Administrator Highlights Market Facilitation Program; Chinese Ag Imports Projected to Decrease - Farm Policy News](https://feedsoft.ai/events/62895-fsa-administrator-highlights-market-facilitation-program-chinese-ag-imports.md) | +0.1% | +3.0% |
| SOY | 2024-01-24 | [China aims to further lower soybean meal use, reduce hog capacity \| Feed Strategy](https://feedsoft.ai/events/32126-china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity-feed-strategy.md) | -1.7% | -6.4% |
| SBM | 2021-04-21 | [China issues guidance on reducing corn, soy use in feed \| Feed Strategy](https://feedsoft.ai/events/47645-china-issues-guidance-on-reducing-corn-soy-use-in-feed-feed-strategy.md) | +3.5% | +0.1% |
| SBM | 2021-03-19 | [China looks to cut corn, soymeal content in animal feed \| Feed Strategy](https://feedsoft.ai/events/48099-china-looks-to-cut-corn-soymeal-content-in-animal-feed-feed-strategy.md) | +0.9% | -0.0% |
| SBM | 2023-10-19 | [Appetite for soya hinders China’s self-sufficiency drive](https://feedsoft.ai/events/14808-appetite-for-soya-hinders-china-s-self-sufficiency-drive.md) | +4.7% | +14.4% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/animal-feed-additives-ingredients/feed-ingredients/article/15661016/china-reports-progress-on-policy-to-increase-soy-selfsufficiency-feed-strategy

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