China: Reduction in the number of soybean imports due to low price of pork in the current season

게시됨 2021년 11월 2일

Tridge 요약

China's soybean imports are being restrained by the significant drop in pork prices over the past six months, leading to decreased consumption of soybean meal. The Chinese government is contemplating reducing pork production to prop up prices. Despite these challenges, China is set to produce over 15 million tons of soybeans, a 2.5 million ton decrease from the previous year. However, imports are expected to surpass 100 million tons, an increase of 2 million tons from last year. Ukraine has emerged as a key supplier of soybeans for China, with non-GMO beans making up 1.5-2 million tons of imports, primarily from Russia, Ukraine, Ethiopia, Tanzania, and Canada. Soybean prices in China are anticipated to remain high due to logistical constraints.

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원본 콘텐츠

One of the limiting factors for soybean imports in the current season is the low price of pork. Over the past six months in China, it has more than halved. To support prices, the government is proposing to cut pork production, which will lead to lower consumption of soybean meal. This was stated by the commercial director of Jiusan Food Co Maxim Minenko during the international conference "Legumes are the future of the planet." “This season, China will produce more than 15 million tons of soybeans, which is 2.5 million tons less than last year. According to USAID forecasts, China will import more than 100 million tons, which is 2 million tons more than last year. At the same time, Ukraine is one of the priority areas for Chinese importers of soybeans, ”says Maksim Minenko. According to him, one of the criteria for increasing imports of Ukrainian soybeans is the quality of the supplied products, to a greater extent it concerns GMO components. “Imports of non-GMO soybeans will ...

출처: AgroPortal.ua