# China increases soyabean oil imports forecast

> China's Casde report raised its 2021/22 soybean oil import estimate by about 400,000 tonnes to 1 million tonnes, while palm oil imports were raised by 300,000 tonnes and rapeseed oil imports were cut by 400,000 tonnes. Analysts said Argentina is likely to benefit from the soybean oil demand, while US and Brazilian supplies are constrained by domestic biodiesel use.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/44629-china-increases-soyabean-oil-imports-forecast
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher Chinese soybean oil import demand tightens global vegetable oil supply and supports prices, while the shift away from rapeseed oil may boost palm and soy oil. Stronger oil prices increase crush margins, raising meal output for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-02-04 | [WASDE forecasts rise in use of soyabean oil in biodiesel](https://feedsoft.ai/events/48508-wasde-forecasts-rise-in-use-of-soyabean-oil-in-biodiesel.md) | +1.9% | +10.1% |
| SBO | 2026-05-12 | [May WASDE forecasts 25% increase in soybean oil use in biofuel for 2026-‘27 \| Biodiesel Magazine](https://feedsoft.ai/events/15024-may-wasde-forecasts-25-increase-in-soybean-oil-use-in-biofuel-for-2026-27.md) | +1.4% | -2.2% |
| SBO | 2025-03-14 | [Global soybean crush forecast hits record high amid increased demand \| Feed & Grain](https://feedsoft.ai/events/25657-global-soybean-crush-forecast-hits-record-high-amid-increased-demand-feed-and.md) | +2.4% | +10.0% |
| SBO | 2021-02-10 | [USDA experts have increased the forecast of world production of sunflower oil](https://feedsoft.ai/events/48754-usda-experts-have-increased-the-forecast-of-world-production-of-sunflower-oil.md) | +1.4% | +17.4% |
| SBO | 2023-04-26 | [USDA forecasts strong global soyabean trade but lower meal and oil…](https://feedsoft.ai/events/36486-usda-forecasts-strong-global-soyabean-trade-but-lower-meal-and-oil.md) | -3.1% | -9.7% |
| PALMOIL | 2022-12-21 | [China reduces soybean and corn imports, says customs - DatamarNews](https://feedsoft.ai/events/14879-china-reduces-soybean-and-corn-imports-says-customs-datamarnews.md) | +1.2% | +2.6% |
| PALMOIL | 2017-10-19 | [Mistry cuts palm oil production forecast, sees prices climbing](https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing.md) | +0.6% | +1.4% |
| PALMOIL | 2020-07-22 | [Asian palm oil producers forecast lower output in 2020](https://feedsoft.ai/events/52037-asian-palm-oil-producers-forecast-lower-output-in-2020.md) | +0.3% | +9.5% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/china-increases-soyabean-oil-imports-forecast

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