# China's soy reduction campaign could be an opportunity for alt-protein producers | The Fish Site

> A Rabobank report says China's government is pursuing a soymeal reduction campaign to cut dependence on imported soybeans. Rabobank expects lower soymeal inclusion in Chinese feed rations even as feed consumption grows at a low single-digit rate. It argues this will open opportunities for insect and microbial protein startups, though most remain in development.

- Date: 2023-01-10 · published 2023-01-10T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/38120-china-s-soy-reduction-campaign-could-be-an-opportunity-for-alt-protein
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower soymeal inclusion in Chinese feed would reduce demand for soybean imports and soybean meal, which is bearish for soy complex prices. Demand for alternative protein ingredients such as fishmeal could rise if those replacements gain share.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.5% | -1.9% |
| SOY | 2018-10-11 | [China mulls cutting protein in animal feed as soybean supply tightens
						 \| The Poultry Site](https://feedsoft.ai/events/8562-china-mulls-cutting-protein-in-animal-feed-as-soybean-supply-tightens-the.md) | +3.9% | +1.8% |
| SOY | 2023-10-03 | [Brazilian Environmental Policies and the New European Union Regulation for Deforestation-Free Products: Opportunities and Challenges - CPI](https://feedsoft.ai/events/33662-brazilian-environmental-policies-and-the-new-european-union-regulation-for.md) | -1.0% | +0.5% |
| 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 | 2024-01-18 | [Export taxes: Increase on soybean products would reduce foreign currency earnings by US$2.000 billion – Universidad Austral](https://feedsoft.ai/events/13944-export-taxes-increase-on-soybean-products-would-reduce-foreign-currency.md) | +2.9% | -2.9% |
| SBM | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.8% | -1.6% |
| SBM | 2018-10-11 | [China mulls cutting protein in animal feed as soybean supply tightens
						 \| The Poultry Site](https://feedsoft.ai/events/8562-china-mulls-cutting-protein-in-animal-feed-as-soybean-supply-tightens-the.md) | +3.8% | -1.3% |
| SBM | 2026-10-29 | [Brazil’s soybean oil production could reach 13.5 mln tons, while exports decline](https://feedsoft.ai/events/1331-brazil-s-soybean-oil-production-could-reach-13-5-mln-tons-while-exports-decline.md) | -3.3% | — |

## Sources

- thefishsite.com: https://thefishsite.com/articles/chinas-soy-reduction-campaign-could-be-an-opportunity-for-alt-protein-producers

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