Wedoany.com Report-Sept. 18, According to SunSirs, China’s National Grain and Oil Information Center, as of September 12, soybean inventories at the country’s largest oil mills reached 7.84 million tons. This represents a weekly increase of 100,000 tons, a monthly rise of 340,000 tons, and 2.13 million tons above the three-year average.

Soybean imports totaled 1.15 million tons during the first two weeks of September, up 140,000 tons from August and 260,000 tons higher than the three-year average for the same period.

The rise in inventories reflects ongoing efforts by domestic mills to secure sufficient supplies for processing. In August, China’s soybean inventories reached a record 6.8 million tons, while imports hit 12.28 million tons, marking another record.

SunSirs noted that the current inventory levels provide a buffer for the domestic oilseed industry and help ensure stable production of soybean oil and meal. The data indicates continued strong import activity and sustained stockpiling to support downstream processing and meet domestic consumption needs.

Overall, the combination of higher inventories and steady imports highlights the country’s strategy to maintain adequate soybean supplies and manage fluctuations in the global oilseed market. The inventory and import trends also show a notable increase compared with historical averages, underscoring the importance of soybean as a key input for edible oil and feed sectors.

These developments support stable operations at oil mills and contribute to supply chain resilience, allowing producers to meet domestic consumption requirements while preparing for potential market uncertainties. The weekly and monthly increases in stocks indicate ongoing accumulation and efficient distribution across major processing centers.

In summary, China’s soybean inventories and imports continue to grow above historical averages, ensuring sufficient supply for domestic oil and feed production, while maintaining flexibility to respond to market demand changes.