China has made its first major purchase of soymeal from Argentina since Beijing approved imports from the South American country in 2019. This deal marks a notable development amid ongoing trade tensions between China and the United States. Chinese feed manufacturers secured the shipment to diversify their supply sources for a key animal feed ingredient, taking advantage of Argentina's comparatively low prices. The purchase is described as a test deal, contingent on China's inspection and quarantine approval, with expectations for more transactions if the process is successful. This move reflects China's strategic efforts to mitigate potential disruptions caused by the US-China trade war and to secure alternative suppliers for soymeal, which is essential for animal feed production. The transaction is considered a historic milestone, as it is the first time China has approved the import of processed soymeal from Argentina.
CHINA OFFERS SOYOIL AT UP TO $20/T DISCOUNT TO SOUTH AMERICAN SUPPLIERS TO EASE SUPPLY GLUT, TRADE SOURCES SAY
INDIAN IMPORTERS BUY RECORD 150,000 METRIC TONS SOYOIL FROM CHINA IN RARE PURCHASES, TRADE SOURCES SAY
EU's Soybean Imports for 2025/26 Down to 736,447 Tons by July 27 from Last Year’s 1,167,310 Tons, Official Data Shows 🚜🇪🇺