China: Oilseeds and Products Annual

Soybean imports for marketing year (MY) 26/27 are forecast to reach 108 million metric tons (MMT), up 2 MMT from Post's projection for MY 25/26, reflecting moderate growth in demand for soybean meal by China's feed industry. Domestic edible oil demand is weakening as the Chinese population begins to fall and dietary patterns shift. The reduction of Chinese tariffs on Canadian canola seed and meal is expected to lead to a resumption of imports which could reduce demand for competing oilseed and meal imports. Chinese crop support payments and continued investment in improved seeds and equipment are expected to maintain or slightly increase the production of most domestically produced oilseeds.