China puts 25% duties on 106 US products, soybeans included
China announced 25% duties on 106 US products, including soybeans, a day after the US published its own target list. The start date isn't set; here is why feed and vegetable oil buyers are watching.
· Feedsoft Markets Desk
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China just hit US soybeans with 25%. China announced 25% duties on 106 US products. Soybeans are on the list. It came less than 24 hours after the US named Chinese imports it wants to target.
No start date yet. The effective date for the new duties has not been set. So nothing has changed at the port today, but the direction is clear.
Why soybeans matter here. China is the largest importer of US soybeans. Tariffs could push its buying toward Brazil and Argentina and leave more US beans looking for other markets.
What buyers should watch. More US beans on other markets could pressure vegetable oil prices, palm oil included. Soybean meal feeds China's hog sector, so feed costs are in play too.
China just put 25% duties on US soybeans. The tariff covers 106 US products and arrived less than 24 hours after the US published its own list of Chinese imports to target.
No start date has been set. The effective date for the new duties is still open. The announcement is out, but the timing is not.
China is the biggest US soybean buyer. Tariffs could shift Chinese buying to Brazil and Argentina, pushing US beans into other markets.
Takeaway: watch beans, meal and veg oils. Extra US beans looking for a home could pressure vegetable oil prices, palm oil included. Soybean meal feeds China's hogs, so feed costs matter too.
Leggi l'analisi completa: feedsoft.ai/events/76775-china-us-tariffs-seen-to-be-negative-for-palm-oil
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