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    Home > Active Ingredient News > Feed Industry News > my country has not imported US soybeans in 3 weeks!

    my country has not imported US soybeans in 3 weeks!

    • Last Update: 2021-06-01
    • Source: Internet
    • Author: User
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    As the world’s largest consumer of soybeans, my country consumes more than 100 million tons of soybeans each year, but most of them are international soybeans.


    However, with the increasingly close trade of agricultural products between China and Russia, in order to achieve diversification of import sources, China seems to have turned its attention to Russian soybeans.


    Plans to export 3.


    Russian media reported on May 22 that on May 20, representatives of China’s Jiangsu, Zhejiang, Guangdong and Fujian provinces revealed their concerns about imports of soybeans from the Russian Far East during a video conference with representatives of various entities in the Russian Far East Federal District.


    In fact, as early as June 2019, China and Russia signed the "Development Plan on Deepening Sino-Russian Soy Cooperation", and Russian soybeans successfully obtained the "entry ticket" to enter the Chinese market.


    Under the cooperation agreement, the soybean trade between the two countries is developing well.


    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

    In October 2020, the vice president of China Soybean Industry Association also stated that as China liberalizes soybean imports across Russia, the two countries will have broad room for improvement in soybean trade in the future.


    A big increase of over 300%! China bought 2.


      In fact, although the development trend of Sino-Russian soybean trade is good, the market share of US soybeans, Brazilian soybeans, and Argentine soybeans in China is still difficult to "take away".


      In general, American soybeans are "good quality and cheap.


    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

      The latest market data shows that China imported 2.


       As the world’s largest consumer of soybeans, my country consumes more than 100 million tons of soybeans each year, but most of them are international soybeans.


      However, with the increasingly close trade of agricultural products between China and Russia, in order to achieve diversification of import sources, China seems to have turned its attention to Russian soybeans.


      Plans to export 3.


    Plans to export 3.


      In fact, as early as June 2019, China and Russia signed the "Development Plan on Deepening Sino-Russian Soy Cooperation", and Russian soybeans successfully obtained the "entry ticket" to enter the Chinese market.


      Under the cooperation agreement, the soybean trade between the two countries is developing well.
    In 2019, China imported 732,500 tons of soybeans from Russia; in the first 11 months of 2020, China imported about 800,000 tons of soybeans from Russia.
    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

      In October 2020, the vice president of China Soybean Industry Association also stated that as China liberalizes soybean imports across Russia, the two countries will have broad room for improvement in soybean trade in the future.
    However, in December 2020, due to the increase in international soybean prices, in order to ensure domestic supply, the relevant Russian agencies announced a 30% tariff on the country’s soybean exports-the new tax rate will take effect on February 1, 2021 and last until June 30 day.
    The analysis pointed out that this means that the country's soybean export prices will rise, and Chinese buyers may turn to other countries.
    After all, of the more than 100 million tons of soybeans imported by China in 2020, Russian soybeans account for a very small proportion.
    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

      A big increase of over 300%! China bought 2.
    15 million tons of US soybeans in April, "returning to zero" for three consecutive weeks9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

    A big increase of over 300%! China bought 2.
    15 million tons of US soybeans in April, "returning to zero" for three consecutive weeks

      In fact, although the development trend of Sino-Russian soybean trade is good, the market share of US soybeans, Brazilian soybeans, and Argentine soybeans in China is still difficult to "take away".
    Take US soybeans as an example.
    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

      In general, American soybeans are "good quality and cheap.
    " On the one hand, due to the use of modern machinery for planting, the average soybean yield per acre in the United States is much higher than other countries that use artificial planting, reaching 400-500 kg.
    While the planting cost is low, it is also sufficient to meet the huge demand of the Chinese market; secondly, due to the use of genetically modified plants As with other biotechnologies, the U.
    S.
    soybean oil yield rate is generally 15-20% higher than that of domestic soybeans.
    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

      The latest market data shows that China imported 2.
    15 million tons of US soybeans in April, which is far lower than the 7.
    18 million tons in March, but it has increased by more than 300% compared to the same period last year.
    The analysis pointed out that the surge in my country's imports of soybeans from the United States in April was not only due to increasing demand, but also to make up for the vacancy in the Brazilian soybean market.
    However, it should be noted that as of the week of May 13, China has not bought any US soybeans for three consecutive weeks.
    9t7 China Feed Industry Information Network-Based on feed, serving animal husbandry

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