China Signs First Argentine Soymeal Deal Under Threat of US Trade War Disruptions

Chinese firms have booked the first soymeal cargo from Argentina since Beijing approved Argentine imports in 2019, as China's animal feed industry looks to broaden its supply options to mitigate potential disruptions from the U.S.-China trade war.

Several Chinese feed makers have jointly signed the deal to purchase 30,000 metric tons of Argentine soymeal for July shipment, four trade sources told Reuters on Thursday.

"This is just a test case," said one Singapore-based trader at an international trading company, which sells soybeans to China. "If it goes through China's inspection and quarantine, we expect more deals...

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