China drops years-long ban on rapeseed meal from India to reduce US imports
The move is part of Beijing’s plan to find ways to reduce its dependence on US soybeans
Beijing/Mumbai — China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday. Rapeseed meal shipments from India can resume from Monday if they meet certain inspection and quarantine requirements, the General Administration of Customs said on its website. The move is China’s latest effort to reduce its reliance on US soybeans, as Beijing and Washington remain locked in an outright trade war. China buys 60% of the soybeans traded worldwide, processing them into soymeal to feed its vast pig herds. Soybeans are the top US agricultural export to China by value. China was the top buyer of Indian rapeseed meal before the ban was imposed in 2011 over quality concerns. As Sino-US trade tensions escalated, India stepped up its lobbying for the restart of a trade worth $161 million in 2011. Indian rapeseed meal exported to China must be from processing plants inspe...
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