Soybean imports plummeted by 40%, Henan Association guides feed price increase by 75-100

 　　Soybean imports fell to the lowest level in 7 monthsLYM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On November 7, the data released by the General Administration of Customs showed that China's grain imports in October were 9.
684 million tons, and imports from January to October were 137.
956 million tons, an increase of 23% year-on-year, accounting for nearly 20% of China's total grain output
.

　　As the world’s largest buyer of soybeans, demand was suppressed due to low crushing profits and Hurricane Ada restricted US soybean exports.
In October, China’s soybean imports amounted to 5.
11 million tons, a decrease of 41.
2% from 8.
69 million tons in the same period last year.
The lowest level since March 2020, and also lower than the 6.
88 million tons imported in September, down 25.
7%
.

　　Soybean meal prices fell 458 yuan/ton, a four-month lowLYM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Recently, domestic soybean meal continued its decline after the National Day, and the decline was relatively rapid.
According to statistics from China Feed Industry Information Network Huitong, as of November 4, the average spot transaction price of 43% protein soybean meal of domestic mainstream oil plants was 3435 yuan/ton.
There was a continuous decline, and the single-day decline was not small, falling below the four-month low
.

　　One reason for the decline in soybean meal is that global supply is loose.
The U.
S.
Department of Agriculture in the October supply and demand report raised the global soybean production for the year of 2021/22 to a record 385 million tons
.

　　Secondly, the continuous losses of the pig breeding industry in China, the country that is the largest demand for soybean meal, also has a certain impact on the demand for soybean meal
.

　　Third, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council recently issued the "Food Conservation Action Plan", which pointed out that it is necessary to strengthen the replacement of feed grain reduction and further restrain the price of soybean meal
.
LYM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Henan Association guides the province's feed price to increase by 75-100 yuan/ton!LYM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Recently, due to the impact of the new crown pneumonia epidemic, international trade frictions, and national environmental protection strategies and policies, the price of feed ingredients has risen sharply, which has put tremendous pressure on feed manufacturers.
Many feed companies have announced again that they will increase the price of feed.
The Feed Industry Association issued guidance on adjusting feed supply prices, and proposed to adjust the prices of feed products in the province
.
LYM China Feed Industry Information Network-Based on feed, serving animal husbandry

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