China expects its soybean output to hit the highest level in 14 years in 2019/20...
BEIJING - China expects its soybean output to hit the highest level in 14 years in 2019/20, boosted by a plan to revitalize the nation’s production of the oilseed.
The country will churn out 17.27 million tonnes of soybeans in the 2019/20 crop year, up 7.9% from the year before, its agriculture ministry said on Friday in a monthly crop report. China, which uses soybeans to make feed for its vast livestock herds, has been pushing to reduce its dependence on oilseed imports from the United States amid mounting trade tensions between the two.
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