China's Imported Soybean Arrivals Hold Steady in March

China’s Imported Soybean Arrivals Hold Steady in March

Spread the news!

Consistent Arrival Figures

China’s imported soybean arrivals in March remained stable at approximately 6.5 million tonnes, mirroring the figures from the same period last year. This steady performance underscores the resilience of China’s soybean import market despite ongoing global uncertainties.

Second Quarter Projections

Looking ahead, projections indicate that the average monthly arrival of soybeans in the second quarter is expected to hover around 10 million tonnes. This sustained import volume reflects China’s ongoing demand for soybeans to meet various domestic needs.

Mintec Global

Anticipated Trends

Over the next two weeks, the trajectory of imported soybean stocks is forecasted to continue declining. However, attention will be directed towards the arrival of South American soybeans in late April. With this anticipated influx, imported soybean stocks are expected to rebound, easing concerns about supply tightness.

Market Focus

Market watchers remain attentive to developments regarding the loading and arrival schedules of imported soybeans. Timely and efficient arrivals will play a crucial role in maintaining a stable supply chain and meeting China’s soybean demand in the coming months.

Current Market Price in China for new crop soybean

Product

 Chinese Soybean

Type  NON-GMO
Color  Yellow
Purity  99.5 % Min
NON GMO
Package  25kg  Paper Bag
Loading  22Tons / 20GP
Conv. FOB Dalian USD 780-800/Mt – EURO 723-741/Mt
Org.  FOB Dalian USD 840-870/Mt – EURO 778-806/Mt