# China has sufficient soybean reserve, official says - Chinadaily.com.cn

> China's agriculture ministry official said China has sufficient soybean reserves to ensure fodder supply this year, responding to concerns the pandemic could disrupt imports. Soybean meal prices rose from 2,900 to 3,300 yuan per tonne in late March, and soybean imports rose 6.4% year on year in the first quarter.

- Date: 2020-04-19 · published 2020-04-19T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/53635-china-has-sufficient-soybean-reserve-official-says-chinadaily-com-cn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Official reassurance on reserves and balanced supply may limit panic buying and cap soybean meal price gains in China, though import risks remain.

## Read by commodity

- SBM: neutral
- SOY: neutral
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-06-07 | [China to remain reliant on us soybeans and sorghum despite self-sufficiency push - Chinadaily.com.cn](https://feedsoft.ai/events/14744-china-to-remain-reliant-on-us-soybeans-and-sorghum-despite-self-sufficiency.md) | -0.9% | -2.1% |
| SOY | 2022-02-23 | [China to release soybeans, soy oil from central reserves to boost supplies](https://feedsoft.ai/events/8762-china-to-release-soybeans-soy-oil-from-central-reserves-to-boost-supplies.md) | +4.3% | +3.8% |
| SOY | 2019-01-07 | [Shutdown is costing farmers, says Farm Bureau official – The Hill](https://feedsoft.ai/events/61084-shutdown-is-costing-farmers-says-farm-bureau-official-the-hill.md) | -1.1% | +1.0% |
| SOY | 2020-01-27 | [Chinese Grain Trade Waiting on Official Rules, Guidance on How to Implement Trade Deal](https://feedsoft.ai/events/54946-chinese-grain-trade-waiting-on-official-rules-guidance-on-how-to-implement.md) | -3.3% | -3.1% |
| SOY | 2025-04-30 | [China’s reliance on soybean imports continues despite cutback plans \| Sea and Job](https://feedsoft.ai/events/24652-china-s-reliance-on-soybean-imports-continues-despite-cutback-plans-sea-and-job.md) | -0.6% | +0.7% |
| SBM | 2022-07-20 | [China's hog supply guaranteed in H2: official-Xinhua](https://feedsoft.ai/events/40471-china-s-hog-supply-guaranteed-in-h2-official-xinhua.md) | +7.6% | +1.3% |
| SBM | 2021-06-18 | [Soybean Oil Has a Bearish Week](https://feedsoft.ai/events/46688-soybean-oil-has-a-bearish-week.md) | -3.3% | +0.2% |
| SBM | 2017-07-28 | [Court Ruling Sends Soybean Oil Higher](https://feedsoft.ai/events/70053-court-ruling-sends-soybean-oil-higher.md) | -5.0% | -7.7% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202004/19/WS5e9c2254a3105d50a3d1739f.html

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