China to boost food imports from Latin America – Alter sourcing routes

China to boost food imports from Latin America, as the world's top agricultural importer, facing present trade situation, China to alter its sourcing routes for food imports, more food importing from Latin America to China.

China to map out new supply routes for more meat, dairy and grains from countries in South America, Europe, and the Pacific, certainly to alter trade flows globally with adjusting supply routes.

The world’s top agricultural importer and second-largest economy, China’s desire to become more self-sufficient, while at present food demand situation, China agricultural products, particularly soybean imports still necessary. Look at this recent article from Reuters...     

China to boost food imports from Latin America, the world's top agricultural importer to source more meat, dairy and grains from countries in South America, Europe and the Pacific, reported Reuters.

Shipments to China from key soybean supplier Brazil, top wheat exporter Australia and major pork supplier Europe, could surge.

"There will be rerouting of trade after China's import tariffs on US goods," said Pan Chenjun, a senior analyst for animal protein at Rabobank in Hong Kong.

"The main products that will be impacted are pork offal and chicken feet. For pork, both muscle and offal, China will get more supplies from Brazil, Spain, the Netherlands and other EU countries."

European and South American meat shipments to China are expected to rise as a result.

More Brazilian, Australian grains. "From a soybean perspective, South American suppliers are likely to benefit. Suppliers of other oilseeds, like canola could also see a boost," said Dennis Voznesenski, an analyst at Commonwealth Bank in Sydney......See more from Reuters here

In addition, according to a related report, Brazil is close to finalizing protocols for exporting pork offal and fish to China, the sources said negotiations for both protocols were advanced and should be completed soon. Brazil is the fourth-largest global exporter of pork.

Moreover, recent new relevant report revealed that China has lifted some restrictions on imports of German milk and dairy products over foot-and-mouth disease, the German agriculture ministry said in February that it is preparing an application to the World Organization for Animal Health to have Germany declared free of foot-and-mouth. This could enable export restrictions on German meat and dairy products to be lifted.

China is one of the largest and most important markets for Germen dairy products outside the EU, now with China market door opening, German milk and dairy products could be sooner arrived in Chinese dinner tables.

Interesting that China to boost food imports from Latin America and EU, while China promote self-sufficiency, self reliance. On March 5, China announced it would set a production target of about 700 million tones for 2025. This marks a higher goal compared to its 2024 target of 650 million tones.

Moreover, China will continue efforts to lower the use of soymeal in livestock feed. For several years, the use of low-protein animal feed or alternative meals such as rapeseed or cotton has been explored to reduce demand for imported soybeans.

At the same time, China will advance its domestic construction and improve the connectivity of storage facilities for grain, cotton, sugar, meat, and fertilizer.

Al in all, it seems China takes the matter heavily in hand, take it seriously, not only put its plan in writing, also take immediate action, the progress has been started...