June 30, 2025

Chinese companies book first batch of soymeal from Argentina               

Firms in China have booked the first soymeal cargo from Argentina since Beijing first approved Argentine imports in 2019.

Reuters reported that China's animal feed industry wants to broaden its supply options to mitigate potential disruptions from the US-China trade war. Four sources told Reuters that several Chinese feed producers have jointly signed the deal to purchase 30,000 metric tons of Argentine soymeal for July shipment.

One Singapore-based trader called it a "test case," and if the soymeal gets through Chinese inspections and quarantine successfully, then more deals in the future can be expected.

The cargo was purchased at US$360 per ton on a cost and freight basis and is expected to arrive in September.

- NAFB