China Oilseeds and Products Update Report 2013
Report Highlights:
Post’s MY13/14 soybean production forecast of 12 million tons planted on 6.8 million hectares (MHa) and MY13/14 soybean imports forecast at 67.5 million tons remain unchanged from our previous report (CH13024). Rapeseed and peanut production forecasts also remain stable. Soymeal consumption maintains an upward trend with continued expansion of cultured aquatic production expected to add to protein meal use and soy demand in 2013. China’s recent approval of three GMO soybean varieties for importation will facilitate soybean imports.
Executive Summary:
Post’s MY13/14 soybean production forecast of 12 million tons planted on 6.8 million hectares (MHa) and MY13/14 soybean imports forecast to reach 67.5 million tons remain unchanged from our previous report (CH13024). Rapeseed and peanut production forecasts also remain stable. Soymeal consumption maintains an upward trend with continued expansion of cultured aquatic production expected to add to protein meal use and soy demand in 2013.China’s recent approval of three GMO soybean varieties for importation will facilitate smooth soybean imports.
