Why Soy Serious? China's Growing Soybean Footprint

We have previously blogged about China's consumption of soybeans as a 'virtual water trade' to address problems of water scarcity on the mainland. On the same theme, new research put together by John Newton and Todd Kuethe of the Department of Agricultural and Consumer Economics at the University of Illinois puts China's role as a consumer of US soybeans in clear perspective.

US Soybean Exports (Million Bushels): 1966-2015

Source: Farmdoc Daily: The Footprint of Chinese Demand for U.S. Soybeans (27/3/2015)

In 1995-1996, China was the final consumer of a small proportion of US-produced soybeans:

Footprint of Soybean Consumption for the 1995-1996 US Marketing Year

Source: Farmdoc Daily: The Footprint of Chinese Demand for U.S. Soybeans (27/3/2015)

By 2007-2008, China's share had increased markedly:

Footprint of Soybean Consumption for the 2007-2008 US Marketing Year

Source: Farmdoc Daily: The Footprint of Chinese Demand for U.S. Soybeans (27/3/2015)

By 2014-2015, China's share dominates the landscape:

Footprint of Soybean Consumption for the 2014-2015 US Marketing Year

#China #Trade #Consumption #Water #Asia