# China mulls importing soybean meal from Brazil as supply shortage bites

> China is considering allowing large-scale imports of Brazilian soybean meal to ease a domestic shortage. Chinese soybean imports in October fell 19% year on year to 4.14 million mt, the lowest October volume since 2014, and spot soybean meal prices are up about 61% from a year earlier. Many market participants doubt crushers would import even if approval is granted.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/38746-china-mulls-importing-soybean-meal-from-brazil-as-supply-shortage-bites
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A tight Chinese meal market supports global soybean meal prices, while a possible Brazilian meal import channel could ease demand pressure on Brazilian and Argentine meal exporters if approved.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-22 | [China's COFCO Meat imports pork from Chile, Europe as U.S. trade war bites](https://feedsoft.ai/events/63547-china-s-cofco-meat-imports-pork-from-chile-europe-as-u-s-trade-war-bites.md) | -7.4% | -5.7% |
| SBM | 2018-10-12 | [AgriMarketing.com - Brazil's Supply Of Soybeans Is Running Low](https://feedsoft.ai/events/62630-agrimarketing-com-brazil-s-supply-of-soybeans-is-running-low.md) | +1.1% | -2.1% |
| SBM | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +2.9% | +4.6% |
| SBM | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | 0.0% | -1.5% |
| SBM | 2021-03-22 | [EU soybean meal imports continue to fall amid tight S American supplies: sources](https://feedsoft.ai/events/48199-eu-soybean-meal-imports-continue-to-fall-amid-tight-s-american-supplies-sources.md) | -1.1% | -0.5% |
| SOY | 2023-07-03 | [Argentina ramps up soyabean imports from Paraguay and Brazil](https://feedsoft.ai/events/13959-argentina-ramps-up-soyabean-imports-from-paraguay-and-brazil.md) | -3.2% | -7.2% |
| SOY | 2023-07-18 | [China diversifies imports from Brazil, but soybeans remain top priority - DatamarNews](https://feedsoft.ai/events/14829-china-diversifies-imports-from-brazil-but-soybeans-remain-top-priority.md) | +2.6% | -6.3% |
| SOY | 2024-12-20 | [China’s Nov soy imports from Brazil falls 25% y/y, US arrivals jump - Markets - Business Recorder](https://feedsoft.ai/events/14696-china-s-nov-soy-imports-from-brazil-falls-25-y-y-us-arrivals-jump-markets.md) | +1.8% | +10.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/111522-china-mulls-importing-soybean-meal-from-brazil-as-supply-shortage-bites

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