SunSirs: Agricultural Products Industries Bulk Commodity Intelligence (December 25, 2025)

Macroeconomics

1. [Economic Policy] China's central bank's fourth-quarter meeting: Continue to implement a moderately loose monetary policy and strengthen counter-cyclical and cross-cyclical adjustments. The meeting pointed out that various tools will be comprehensively utilized to strengthen monetary policy regulation, and the intensity, pace, and timing of policy implementation will be carefully managed based on domestic and international economic and financial conditions and the operation of financial markets. Sufficient liquidity will be maintained to ensure that the growth of social financing and money supply matches the expected targets for economic growth and overall price levels, promoting low overall social financing costs.

2. [Electricity Consumption] National Energy Administration: In November, total electricity consumption across society was 835.6 billion kilowatt-hours, a year-on-year increase of 6.2%. Looking at electricity consumption by sector, the primary industry consumed 11.3 billion kilowatt-hours, a year-on-year increase of 7.9%; the secondary industry consumed 565.4 billion kilowatt-hours, a year-on-year increase of 4.4%, of which industrial electricity consumption increased by 4.6%, and electricity consumption in high-tech and equipment manufacturing increased by 6.7%; the tertiary industry consumed 153.2 billion kilowatt-hours, a year-on-year increase of 10.3%, of which urban and rural residential electricity consumption was 105.7 billion kilowatt-hours, a year-on-year increase of 9.8%.

3. [US Tariffs] The U.S. Trade Representative's office announced on December 23rd that it will impose tariffs on semiconductor products from China starting in June 2027, with the specific tariff rates to be announced at least one month in advance. The report stated that the U.S. claimed to have conducted a year-long investigation into the Chinese semiconductor industry.

4. [US Initial Jobless Claims] According to data from the U.S. Department of Labor, seasonally adjusted initial jobless claims for the week ending December 20th totaled 214,000, a decrease of 10,000 from the previous week, marking two consecutive weeks of decline and significantly lower than the market expectation of 224,000.

Agricultural Products

1. [Sugar] As of December 22, 2025, Eurasian economies have processed 44.1 million tons of sugar beets in the 2025/26 crushing season, producing a cumulative 6 million tons of beet sugar.  48 sugar factories in Eurasian economic countries are still producing beet sugar.

2. [Soybean Meal]  According to weekly export sales data released by the U.S. Department of Agriculture, net sales of U.S. soybean meal for the 2025/26 marketing year totaled 616,453 tons for the week ending December 11, 2025, compared to 275,487 tons the previous week. This figure also exceeded market expectations. Year-to-date, total soybean meal export sales are up 10% year-on-year, compared to the USDA's forecast of a 5% increase for the full year.

3. [Soybean Oil] According to weekly export sales data released by the U.S. Department of Agriculture, net sales of U.S. soybean oil for the 2025/26 marketing year totaled 8,660 tons for the week ending December 11, 2025, higher than the previous week's 1,213 tons, but lower than market expectations. Year-to-date, total soybean oil export sales are down 57% year-on-year, compared to the USDA's forecast of a 64% decrease for the full year.

4. [Soybeans] CONAB's crop progress report released on Monday stated that as of December 20, 2025, soybean planting progress in Brazil for the 2025/26 season was 97.6%, higher than 94.1% a week earlier and higher than the five-year average of 94.9%, but lower than 97.8% in the same period last year.

5. [Palm Oil] Indonesian Energy Minister Bahlil Lahadalia stated that Indonesia began road testing of biodiesel containing 50% palm oil (B50) two weeks ago, and may launch B50 in the second half of 2026. This could provide support for the medium- and long-term trend of palm oil prices.

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