# Feed alternatives reducing soybean demand in China - Benison Media

> Analysts say China could cut soybean imports by more than 10 million tons this year, over 10 percent below last year, as domestic production and soybean substitutes gain ground. Rapeseed meal, cottonseed meal and sunflower meal are becoming more economical as imported soymeal costs rise with trade frictions. A low-protein feed with added amino acids could cut soymeal demand by up to 7 percent.

- Date: 2019-08-21 · published 2019-08-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57649-feed-alternatives-reducing-soybean-demand-in-china-benison-media
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Substitution away from soybean meal reduces Chinese import demand for soybeans and meal, which is bearish for soybeans and soybean meal. Rising alternative meal demand supports sunflower, cottonseed and canola meal prices.

## Read by commodity

- CSM: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | -0.2% | -1.8% |
| SOY | 2018-07-11 | [COFCO says China can replace U.S. soy imports with alternatives: state media](https://feedsoft.ai/events/63897-cofco-says-china-can-replace-u-s-soy-imports-with-alternatives-state-media.md) | -1.5% | +4.3% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| SOY | 2024-08-02 | [China's Soybean Stockpile Surge: Implications for U.S. Export Season - Benison Media](https://feedsoft.ai/events/12104-china-s-soybean-stockpile-surge-implications-for-u-s-export-season-benison-media.md) | -1.2% | -4.7% |
| SOY | 2025-07-08 | [The Soybean Shift: How China’s Diversification Fuels Opportunities in Alternative Proteins](https://feedsoft.ai/events/23867-the-soybean-shift-how-china-s-diversification-fuels-opportunities-in.md) | -3.4% | -6.1% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |
| SBM | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | +1.2% | +1.2% |
| SBM | 2024-08-02 | [China's Soybean Stockpile Surge: Implications for U.S. Export Season - Benison Media](https://feedsoft.ai/events/12104-china-s-soybean-stockpile-surge-implications-for-u-s-export-season-benison-media.md) | -4.6% | -11.0% |

## Sources

- benisonmedia.com: https://benisonmedia.com/feed-alternatives-reducing-soybean-demand-in-china/

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