# Chinese traders play down impact of new animal feed guidelines on soy demand

> Chinese oilseed traders said the new government feed protein guidelines would have limited effect on soy demand. Traders said the guidelines are not enforceable and that rising soymeal and soybean prices, which had climbed about 20 percent since January, would curb feed use more. Most big feed mills were already using less soymeal than last year.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/62545-chinese-traders-play-down-impact-of-new-animal-feed-guidelines-on-soy-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Trader skepticism suggests the feed guideline cut to soy demand may be smaller than headline figures imply, so soymeal prices may stay supported by current high costs rather than fall on policy alone.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/chinese-traders-play-down-impact-of-new-animal-feed-guidelines-on-soy-demand-118102900674_1.html
- thepoultrysite.com: https://www.thepoultrysite.com/news/2018/10/chinese-traders-play-down-impact-of-new-animal-feed-guidelines-on-soy-demand

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