# China Farm Official Expects Little Growth in Soybean Planting This Year - Pork Business

> A Chinese agriculture ministry official said soybean acreage may only slightly increase in 2023 because farmers are less willing to plant soybeans given low prices. Compound planting with corn is expected to add about 333 hectares, and total acreage is seen stable or slightly higher than last year's jump.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/36387-china-farm-official-expects-little-growth-in-soybean-planting-this-year-pork
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Limited growth in Chinese soybean output means China will keep relying on imports, which supports world soybean demand and meal supply trends.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-11-01 | [Argentina to Plant Lowest Soybean Acreage in 15 Years](https://feedsoft.ai/events/14071-argentina-to-plant-lowest-soybean-acreage-in-15-years.md) | -3.5% | +0.5% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SOY | 2021-01-05 | [Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business.md) | +4.4% | +2.9% |
| SOY | 2019-04-15 | [China to consider US request to shift tariffs on farm goods - The Business Times](https://feedsoft.ai/events/59453-china-to-consider-us-request-to-shift-tariffs-on-farm-goods-the-business-times.md) | -2.0% | -11.6% |
| SOY | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | +2.8% | +5.3% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/industry/china-farm-official-expects-little-growth-soybean-planting-year

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