# China set to trim 2018/19 soybean imports as trade row boosts prices

> China's agriculture ministry forecast soybean imports for 2018/19 to dip 0.3 percent to 95.65 million tonnes, the first decline in 15 years. The trade dispute with the U.S. is pushing Chinese pig farmers to seek cheaper protein alternatives.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese soybean imports reduce global demand for soybeans and soybean meal, which is bearish for prices. Brazil, the top exporter, faces the greatest pressure from the forecast.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -0.8% | +5.2% |
| SOY | 2019-11-06 | [Panamax rates slide as trade war bites into US soybean exports to China](https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china.md) | -1.7% | -4.7% |
| SOY | 2018-10-18 | [Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict](https://feedsoft.ai/events/62396-trade-off-china-soybean-imports-set-for-biggest-drop-in-12-years-amid-tariff.md) | -4.0% | -1.7% |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SOY | 2021-09-24 | [China's soybean demand in Q4 set to slacken as crushers face power cuts: trade](https://feedsoft.ai/events/45137-china-s-soybean-demand-in-q4-set-to-slacken-as-crushers-face-power-cuts-trade.md) | -2.2% | -4.7% |
| SBM | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -4.4% | -0.2% |
| SBM | 2024-09-10 | [China Aug soybean imports at record 12.14mn tons](https://feedsoft.ai/events/14717-china-aug-soybean-imports-at-record-12-14mn-tons.md) | +0.7% | +1.9% |
| SBM | 2018-10-18 | [Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict](https://feedsoft.ai/events/62396-trade-off-china-soybean-imports-set-for-biggest-drop-in-12-years-amid-tariff.md) | -5.4% | -5.6% |

## Sources

- reuters.com: https://www.reuters.com/article/china-crops/update-2-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices-idUSL3N1SH26X/

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