Articles By Jenny Ma

China crushed 1.94 million tonnes of soybeans in the week to Friday February 14, with the country's soymeal inventory declining for a fourth straight month, according to data from the China National Grains and Oils Information Center (CNGOIC).

Chinese market participants were indifferent to the 10% retaliatory tariff imposed by China on US agricultural machinery, sources told Fastmarkets.

China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil dropped in the week to Friday January 17, with an increase in rapeseed oil stocks outweighing a drop in palm oil volume while soybean oil stocks stayed flat, according to data from the China National Grain and Oils Information Centre (CNGOIC).

China’s soybean crush volume in the week to Friday January 17 rose week on week to 2.41 million tonnes, according to figures from the China National Grains and Oils Information Centre (CNGOIC).

China imported 6% less soybeans from the United States in 2024 amid ongoing trade tensions with the North American country and the availability of competitively priced South American soybeans, but Chinese imports still grew by 7% last year.

China’s combined stocks of its major vegetable oils soybean oil, palm oil and rapeseed oil rose in the week to Friday January 10, with an increase in rapeseed and palm oil stocks outweighing a drop in soybean oil volumes, according to data from the China National Grain and Oils Information Centre (CNGOIC).