# What does China’s food security push mean for soybean prices? EJINSIGHT - ejinsight.com

> China is pushing for food self-sufficiency, with a target to raise soybean output 40% by the end of 2025. Domestic soybean production hit a record 20.28 million tonnes in 2022, up 23.7%, while China still relies heavily on US and Brazilian imports.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/35026-what-does-china-s-food-security-push-mean-for-soybean-prices-ejinsight
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanding Chinese domestic output over time could reduce import demand for soybeans and soymeal, a bearish long-run factor for global soybean prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-01-19 | [GM Soybeans And China’s Food Security Dilemma - Jamestown](https://feedsoft.ai/events/14785-gm-soybeans-and-china-s-food-security-dilemma-jamestown.md) | +0.8% | -4.2% |
| 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% |
| 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 | 2023-01-10 | [China’s soybean imports have peaked and will keep falling as Beijing stresses food security, report says \| South China Morning Post](https://feedsoft.ai/events/14875-china-s-soybean-imports-have-peaked-and-will-keep-falling-as-beijing-stresses.md) | +2.4% | +0.8% |
| SOY | 2022-12-02 | [What Do Lackluster Biodiesel RFS Volumes Mean for Soy Crush Expansion?](https://feedsoft.ai/events/15349-what-do-lackluster-biodiesel-rfs-volumes-mean-for-soy-crush-expansion.md) | +4.0% | +6.3% |
| SBM | 2023-06-07 | [Soybean meal prices to be bright spot for pig producers \| Feed Strategy](https://feedsoft.ai/events/35601-soybean-meal-prices-to-be-bright-spot-for-pig-producers-feed-strategy.md) | -0.3% | +4.1% |
| 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% |
| SBM | 2023-01-10 | [China’s soybean imports have peaked and will keep falling as Beijing stresses food security, report says \| South China Morning Post](https://feedsoft.ai/events/14875-china-s-soybean-imports-have-peaked-and-will-keep-falling-as-beijing-stresses.md) | +2.5% | -1.8% |

## Sources

- ejinsight.com: https://www.ejinsight.com/eji/article/id/3516624/20230727-What-does-China%E2%80%99s-food-security-push-mean-for-soybean-prices

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