Analysis on Production Volume, Consumption, Import and Export of Soybeans in China in 2018

China is a major soybean consumer in the world, with the consumption increasing steadily. In 2017, the soybean consumption in the country exceeded 0.11 billion tons, ranking first in the world. Meanwhile, 83% of the domestic soybeans consumed were used for crushing, 14% for food, and only 2% for feed. The consumption structure of soybeans has shown a concentrated trend in the past five years. Crushing is more dominant with a slight increase in the share of consumption, which is currently about 83%. The share of consumption for food remains…

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