Infographic: ASF resurgence in China not seen impacting its soybean demand

China -- the world's largest soybean importer -- lost over half of its pig population between 2018 and 2019 to the African swine fever epidemic, which also led to a slump in its soybean imports.

Subsequently, the country's hog industry underwent a massive overhaul, which included consolidation and stringent regulations. As a result, China's swine population and soymeal-based feed demand started recovering in 2020.

China's agricultural ministry forecast the country's swine herd to fully recover from the epidemic in 2021.

According to S&P Global Platts Analytics, despite the resurgence of ASF in China, its soybean demand is forecast to remain robust in 2021 amid strong hog herd growth rate.

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