# China set for record-busting soybean demand as African swine fever wanes

> S&P Global Platts Analytics forecasts China will import record soybean volumes near 100 million tonnes as its hog herd rebuilds after African swine fever. The live pig population is expected to exceed 440 million head in 2021, versus 360 million in 2020.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/46558-china-set-for-record-busting-soybean-demand-as-african-swine-fever-wanes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record Chinese soybean imports to feed a larger herd support global soybean and meal demand and underpin prices for US and Brazilian supplies.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-19 | [USDA FAS sees rising soybean demand for China - Brownfield Ag News](https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news.md) | +6.8% | +1.4% |
| SOY | 2021-01-28 | [China’s feed demand buoyed by recovering swine herd \| 2021-01-28  \| World Grain](https://feedsoft.ai/events/49138-china-s-feed-demand-buoyed-by-recovering-swine-herd-2021-01-28-world-grain.md) | -0.3% | +2.3% |
| SOY | 2020-04-07 | [China’s oilseed demand to rise as swine sector recovers – Asian Agribiz](https://feedsoft.ai/events/53633-china-s-oilseed-demand-to-rise-as-swine-sector-recovers-asian-agribiz.md) | -1.0% | -2.0% |
| SOY | 2021-02-18 | [US soybean crush post record Jan volume on robust demand, South American woes](https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes.md) | +2.9% | +2.5% |
| SOY | 2026-01-14 | [China’s 2025 Soybean Imports Hit Record, Fueled by S. American Purchases](https://feedsoft.ai/events/14609-china-s-2025-soybean-imports-hit-record-fueled-by-s-american-purchases.md) | +4.0% | +9.8% |
| SBM | 2020-03-19 | [USDA FAS sees rising soybean demand for China - Brownfield Ag News](https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news.md) | +5.8% | -4.0% |
| SBM | 2020-04-07 | [China’s oilseed demand to rise as swine sector recovers – Asian Agribiz](https://feedsoft.ai/events/53633-china-s-oilseed-demand-to-rise-as-swine-sector-recovers-asian-agribiz.md) | -3.2% | -4.1% |
| SBM | 2021-02-18 | [US soybean crush post record Jan volume on robust demand, South American woes](https://feedsoft.ai/events/48717-us-soybean-crush-post-record-jan-volume-on-robust-demand-south-american-woes.md) | -1.0% | -7.0% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/blog/agriculture/060321-china-record-soybean-demand-african-swine-fever-pig-herd

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