# Wilmar takes hit as China welcomes Argentina soybean meal imports | Singapore Business Review

> China is allowing imports of cheaper Argentine soybean meal, a policy Maybank Kim Eng says will weigh on Wilmar's domestic crushing business. Wholesale pork prices in China have risen 57% since June amid African swine fever, and soybean crush margins have turned negative. The first Argentine soymeal is estimated to arrive by Q1 2020.

- Date: 2019-10-17 · published 2019-10-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/56643-wilmar-takes-hit-as-china-welcomes-argentina-soybean-meal-imports-singapore
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cheaper Argentine meal substitutes for US and domestic meal, pressuring soybean meal prices, while buyers may shift to palm oil, supporting palm and reducing soybean oil supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | -1.2% | -9.3% |
| SBM | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | -2.1% | -5.9% |
| SBM | 2021-06-21 | [China's May soybean imports from Brazil surge 82% vs April - Markets - Business Recorder](https://feedsoft.ai/events/46428-china-s-may-soybean-imports-from-brazil-surge-82-vs-april-markets-business.md) | -5.5% | -2.2% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |
| SBM | 2022-09-20 | [China’s soybean imports from Brazil plunge in August - Markets - Business Recorder](https://feedsoft.ai/events/14901-china-s-soybean-imports-from-brazil-plunge-in-august-markets-business-recorder.md) | -1.6% | -4.7% |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SOY | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | +1.0% | -3.3% |
| SOY | 2021-06-21 | [China's May soybean imports from Brazil surge 82% vs April - Markets - Business Recorder](https://feedsoft.ai/events/46428-china-s-may-soybean-imports-from-brazil-surge-82-vs-april-markets-business.md) | -4.7% | +2.3% |

## Sources

- sbr.com.sg: https://sbr.com.sg/agribusiness/news/wilmar-takes-hit-china-welcomes-argentina-soybean-meal-imports

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