Foreign media: China is highly dependent on imported soybeans (accounting for 88%), to reduce this risk, is through the "14th Five-Year Plan" three-year action plan to reduce the soybean meal ratio in feed from 14.5% to below 13%, driving a transformation in the global agricultural market structure.
China has adopted two strategies: one is technological innovation (low-protein feed, precision agriculture), and the other is supply chain restructuring (such as signing a $900 million soybean meal import agreement with Argentina, with a price $50 per ton lower than U.S. products). At the same time, since 2023, China has approved Ethiopia as a rapeseed meal supplier, although the scale is limited, it marks that its diversification strategy has expanded from geography to protein sources. The alternative protein market is rapidly emerging, such as cottonseed meal, which is expected to reach a market size of $150 billion by 2031, with a compound annual growth rate of 4.5%.
Original article: https://www.toutiao.com/article/1836965980351492/
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