China inks second bulk soymeal deal with Argentina, 30,000 tons bought for September shipment – trade sources

China inks second bulk soymeal deal with Argentina, 30,000 tons bought for September shipment – trade sources

China has inked a second bulk soymeal deal with Argentina, securing a 30,000-ton shipment for September. This development comes as part of China's ongoing efforts to diversify its food supply chain and reduce dependence on the United States amid ongoing trade tensions [1].

The deal, which follows a similar agreement reached in May, highlights China's strategic move to secure long-term supplies of soybeans and soymeal, a key ingredient in animal feed. The recent trade framework agreement between China and the United States has not yet provided clarity on specific tariff details, prompting China to explore alternative sources for its agricultural needs [2].

Argentina, one of the world's largest soybean exporters, is poised to benefit from this increased demand. The country has been a key player in the global soybean market, with its production and export volumes often fluctuating based on international trade dynamics.

The move is part of a broader trend in global agriculture, where countries are seeking to mitigate risks associated with geopolitical tensions and market disruptions. China's strategy to diversify its supply chain not only enhances its food security but also supports economic stability in the face of potential trade conflicts.

As the global market for soybeans and soymeal continues to evolve, these deals underscore the importance of maintaining robust international trade relationships. The ongoing developments in China's agricultural procurement strategies will likely have significant implications for global commodity prices and trade patterns in the coming months.

References:

[1] https://hk.finance.yahoo.com/news/%E4%B8%AD%E4%BF%A1%E5%BB%BA%E8%AE%BE%E5%B0%86%E5%9C%A8%E5%AE%89%E5%93%A5%E6%8B%89%E5%BC%80%E5%8F%91%E5%A4%A7%E5%9E%8B%E5%86%9C%E5%9C%BA-%E5%8A%A9%E5%8A%9B%E4%B8%AD%E5%9B%BD%E7%B2%AE%E9%A3%9F%E5%AE%89%E5%85%A8-155849033.html
[2] https://www.admis.com/global-ag-news-for-july-22-2025/