China exported a record amount of soybean oil in October.
China exported a record 70,877 tons of soybean oil in October, mainly to India, amid surplus supplies from heavy bean imports and weak domestic demand. Exports hit 329,000 tons in ten months. India benefits from cheaper, faster shipments, and rising Chinese stocks mean growing exports, making China an increasingly important supplier.
In October, China exported a record 70,877 tons of soybean oil, most of which went to India, according to an industry review. The soybean surplus in China arose from large imports from South America and the United States, while domestic demand for the oil declined due to the economic slowdown. As a result, processors found themselves with a surplus that the domestic market was unable to absorb, leading to record shipments to India, the world’s largest consumer of soybean oil.
In the first ten months of 2025, Chinese soybean oil exports reached 329,000 tons, almost three times the volume for the entire previous year. The resumption of soybean purchases from the US after a temporary trade truce and improved trade relations with India are only accelerating this trend. Trade between China and India is expected to continue to grow.
For India, such imports are economically and logistically advantageous. As Ashish Acharya, Vice President of Patanjali Foods Ltd., noted, Chinese soybean oil is comparable to American quality, but is $10–$15 per ton cheaper. Furthermore, delivery to India’s east coast takes only 10–12 days, significantly faster than the 50–60 days from Brazil or Argentina. In November, India already received approximately 70,000 tons of vegetable oil from China, and volumes could increase by another 12,000 tons.
China produces approximately 20 million tons of soybean oil annually, and previously, almost all of this production was used domestically. However, due to lower restaurant activity and a slowing economy, consumption has fallen, and commercial stocks have exceeded 1 million tons—a seven-year high in mid-November, according to Mysteel.
Processing plants continue to operate at high capacity, and domestic demand is unlikely to recover quickly. This means India will continue to receive increasing amounts of Chinese soybean oil in the coming months, making China a key supplier to the Indian market.
To Read more about Edible Oil News continue reading Agriinsite.com
Source : Ukr Agro Consult
