As Pig Herd Recovers, China Soybean Demand May Hit 90 MMT

source: S&P Global Platts

China's soybean demand in the 2019-20 marketing year (October-September) could reach up to 90 million metric tonnes (MMT), up 9% year on year and 6% higher than the USDA's December WASDE report, due to a recovery in pig and sow herds in recent months, according toS&P Global Platts分析。

China's hog production capacity has continued to recover, with breeding sow herds restocked for three consecutive months since September, according to Chinese Ministry of Agriculture and Rural Affairs.

In December, sow herds in China grew 2.2% month on month, it said.

China's pig feed production has been on a four-month rising streak since September, sources said. In December, the pig feed increased 2% month on month.