The state has added domestic soybean purchases and storage in Heilongjiang and Inner Mongolia in China
Soybean
China
Published Mar 11, 2023
Tridge summary
Since soybeans went on the market in the fall of 2022, affected by factors such as soybean planting expansion and production increase, weak downstream consumption, and the new crown epidemic, market purchase prices have gone up and down. Soybean prices in some major production areas in the Northeast have fallen more, and sales pressure has increased. While promoting market-based acquisitions and strengthening the docking services of soybean production and sales, departments and localities are actively doing a good job in policy-based purchasing and storage of soybeans, playing an important role in reserve regulation, stabilizing soybean market expectations, and ensuring farmers' income from growing grain. Recently, according to relevant national Arranged by the department, China Grain Group Co., Ltd. launched a plan to purchase domestically produced soybeans in 2022 in the two main soybean producing areas of Heilongjiang and Inner Mongolia. The purchase price of domestic soybeans in the new season at Hailun, Nehe, and Hulunbeier warehouses is 2.775 yuan per catty (third-class national standard, not limited to protein content), which is about 5 cents higher than before.
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