China’s Rising Soybean Consumption Reshaping Western Agriculture

China’s Rising Soybean Consumption Reshaping Western Agriculture

 

Nearly 60% of all soybeans for international trade go to China, making it the world’s largest importer.  In 1995 China decreed that it was driving to become self-sufficient in grain production and supply.  After surviving The Great Famine of 1959-61 this became a main objective of the populace.  However, as the Chinese population grew more numerous and more prosperous they began demanding more meat, milk and eggs in their diet necessitating more and more soybeans for feed and oil.  Now in the U.S. there is more land in soybeans than there is in wheat, and in Brazil soybean acreage exceeds that of all other grains combined. Argentina’s soybean acreage is close to double the acreage of all other grains produced there.  Overall there has been a 16 fold increase in global soybean production since the mid-20th century.  The question now is where to plant more soybeans?

 

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