China mulls importing soybean meal from Brazil as supply shortage bites

China, the world’s largest soybean meal producer and consumer, is considering allowing large-scale imports of Brazilian soybean meal amid an ongoing domestic shortage, but many market participants doubt crushers will import even if approval is granted. A fall in soybean cargoes since July has forced Chinese crushers to reduce activity sharply, with imports in the third quarter down 9.1% year…