National Ag News
Expanding hog herd drives surge in China’s soybean imports
May 16, 2017, 17:21 PM
by
System
China’s appetite for pork drove a 13 percent increase in that country’s April soybean imports. Government data from China says strong soybean meal demand prompted record setting monthly imports. China needs feed for its growing number of hogs, according to Jim Sutter, CEO of the U.S. Soybean Export Council (USSEC).
“The pork business (in China) is driving strong feed demand, which is in turn driving strong soybean meal demand in China, which is, thankfully, driving strong soybean import demand,” Sutter told Brownfield Ag News.
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