# Chinese Traders Downplay Impact of New Animal Feed Guidelines | Feed & Grain

> China's Feed Industry Association approved new feed standards lowering protein in pig feed by 1.5 percentage points and chicken feed by one point. The government says this will cut annual soybean consumption by 14 million tonnes, about 13%.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/49773-chinese-traders-downplay-impact-of-new-animal-feed-guidelines-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A cut of roughly 14 million tonnes in Chinese soybean demand would be bearish for global soybean and soymeal prices if fully implemented, though traders expect high prices to limit the effect.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-21 | [Reshaping grain trade? China moves to change animal feed recipes \| Reuters](https://feedsoft.ai/events/47641-reshaping-grain-trade-china-moves-to-change-animal-feed-recipes-reuters.md) | +5.3% | +6.9% |
| SOY | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -0.2% | -3.8% |
| SOY | 2018-10-29 | [China says new animal feed standards will cut chunk out of appetite for soy](https://feedsoft.ai/events/62544-china-says-new-animal-feed-standards-will-cut-chunk-out-of-appetite-for-soy.md) | +3.6% | +2.0% |
| 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 | 2018-11-01 | [China may lower soy protein content in animal feed](https://feedsoft.ai/events/62548-china-may-lower-soy-protein-content-in-animal-feed.md) | +3.4% | +5.8% |
| SBM | 2021-04-21 | [Reshaping grain trade? China moves to change animal feed recipes \| Reuters](https://feedsoft.ai/events/47641-reshaping-grain-trade-china-moves-to-change-animal-feed-recipes-reuters.md) | +3.5% | +0.1% |
| SBM | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -1.7% | -7.5% |
| SBM | 2018-10-29 | [China says new animal feed standards will cut chunk out of appetite for soy](https://feedsoft.ai/events/62544-china-says-new-animal-feed-standards-will-cut-chunk-out-of-appetite-for-soy.md) | +1.2% | -1.4% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/animal-feed-manufacturing/news/15396777/chinese-traders-downplay-impact-of-new-animal-feed-guidelines

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