# China soybean imports top 100 million tonnes

> China imported a record 100.86 million tonnes of soybeans in MY 2022-23, driven by Brazilian shipments and recovering soybean meal demand in swine and poultry. Imports for 2023-24 are projected at around 100 million tonnes.

- Date: 2023-11-10 · published 2023-11-10T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sustained record Chinese soybean imports support global soybean and soymeal demand, particularly from Brazil, underpinning prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.5% | +5.2% |
| SOY | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.5% | +3.4% |
| SOY | 2019-02-02 | [China's COFCO buys million-tonne batch of U.S. soybeans](https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans.md) | -0.4% | -1.6% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| SOY | 2020-03-06 | [China grants duty exemption on U.S. soybean imports - sources](https://feedsoft.ai/events/53996-china-grants-duty-exemption-on-u-s-soybean-imports-sources.md) | -3.8% | -3.4% |
| SBM | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.2% | +6.7% |
| SBM | 2019-02-02 | [China's COFCO buys million-tonne batch of U.S. soybeans](https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans.md) | -1.8% | -1.8% |
| SBM | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | +1.8% | -1.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-soybean-imports-top-100-million-tonnes-2/

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