Singapore — China, the world's largest soybean buyer, has seen its pig population ravaged by African Swine Fever. China mostly uses soybean for crushing it into high-protein pig feed.
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S&P Global Platts Analytics estimates that ASF could cut China's soybean imports in 2018-19 to 80 million mt, down 15% year on year and the first major year-on-year decline seen in many years. Analysts say the repercussions of ASF could last longer, which may keep China's soybean demand lower than previous levels.