# China 2022 soybean demand seen falling 6%, outlook for 2023 bullish: survey 30.05.2022 - UkrAgroConsult

> A S&P Global Commodity Insights survey of 10 market participants projects China's 2022 soybean imports at 90.8 million mt, down 6% year on year. Demand for June and July shipment was revised lower, and January-April purchases were down 1%.

- Date: 2022-05-30 · published 2022-05-30T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/41391-china-2022-soybean-demand-seen-falling-6-outlook-for-2023-bullish-survey-30-05
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese import demand reduces global soybean and meal demand, which is bearish for soybean prices, while the outlook for 2023 is described as bullish.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-2022-soybean-demand-seen-falling-6-outlook-for-2023-bullish-survey/

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