SunSirs: Agricultural and Sideline Products Industries Bulk Commodity Intelligence (October 14, 2025)

Macroeconomics

1. [Ship] China's Ministry of Transport issued implementation measures for collecting special port fees from US ships. The measures will take effect on October 14, 2025. Starting on that date, eligible US ships berthing at Chinese ports will be charged RMB 400 per net ton. The fee will increase annually over the next three years, reaching RMB 1,120 per net ton in 2028.

2. [Import and Export] According to customs statistics, my country's import and export of goods reached 33.61 trillion yuan in the first three quarters of 2025, a year-on-year increase of 4%. Of this total, exports reached 19.95 trillion yuan, a year-on-year increase of 7.1%, while imports reached 13.66 trillion yuan, a year-on-year decrease of 0.2%. In September, imports and exports totaled 4.04 trillion yuan, a year-on-year increase of 8%.

3. [Federal Reserve] Federal Reserve Chair Paulson stated that she supports two more interest rate cuts this year, each by 25 basis points. Paulson stated that monetary policy should ignore the impact of tariffs on consumer prices because she believes the conditions for tariff-induced price increases to evolve into sustained inflation are not present.

4. [India CPI] India's CPI rose 1.54% year-on-year in September, slightly higher than economists' forecast of 1.5%, but significantly lower than August's 2.07% increase, marking the slowest growth rate in eight years. Weak inflation has reinforced market expectations for a December interest rate cut by the Reserve Bank of India.

Agricultural and Sideline Products

1. [Soybean] Customs data show that China's soybean imports in September 2025 reached 12.869 million tons, a 4.8% increase from the previous month and a 13.2% increase from the previous year. The import value reached US$5.753 billion, a 5.6% increase from the previous month and a 1.7% increase from the previous year. The average import price was US$447.02 per ton, a 0.72% increase from the previous month and a 9.28% decrease from the previous year. From January to September 2025, China's cumulative soybean imports reached 86.18 million tons, a 5.3% increase from the previous year. The import value reached US$38.32 billion, a 7.9% decrease from the previous year. The average import price was US$444.65 per ton, a 12.5% ​​decrease from the previous year.

2. [Oilseeds] Data from the European Commission indicates that EU oilseed and vegetable oil imports in 2025/26 are generally lower than last year, reflecting expected growth in domestic oilseed production and crushing. As of October 5, soybean imports into the EU-27 in the 2024/25 fiscal year (which began on July 1) were approximately 3.28 million tons, a 4% decrease from the same period in 2024/25 and a 4% decrease from the previous week. Soybean meal imports were approximately 4.77 million tons, a 1% decrease year-on-year, compared to a 2% increase a week earlier. Soybean oil imports were 190,000 tons, a 171% increase year-on-year, compared to a 173% increase a week earlier.

3. [Cereals] The Ukrainian Ministry of Agriculture stated that as of October 10, Ukraine had harvested 7.6739 million hectares of cereals (including legumes), representing 67% of the planned harvest area of ​​11.475 million hectares, yielding 33.0323 million tons.

4. [Grain] The Ukrainian Ministry of Agriculture stated that as of October 10, Ukrainian grain exports for the 2025/26 marketing year (which began in July) were 7.19 million tons, down from 11.739 million tons in the same period last year. So far this year, Ukraine has exported 5.12 million tons of wheat, down from 6.798 million tons in the same period last year; 974,000 tons of corn, down from 3.12 million tons in the same period last year; and 939,000 tons of barley, down from 1.551 million tons in the same period last year.

5. [Palm Oil] The Malaysian government's "Economic Outlook 2026" report projects the average price of crude palm oil in 2026 to be between 3,900 and 4,100 ringgit (approximately US$925) per ton, down from an average price of 4,252 ringgit per ton in 2025.

6. [Palm Oil] Shipping research agencies indicate that Malaysia's palm oil exports increased by 9.9% to 19.4% from October 1 to 10 compared to the same period the previous month.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.