Analysis on the comprehensive balance of soybean market in China (10.24)

In 1999 / 2000 (October to September), China's soybean import is expected to reach or exceed 8 million tons Among them, the import volume from October to December 1999 was 1.77 million tons; the import volume from January to June this year was 3.53 million tons; the import volume from July to August this year will be at least 2.4 million tons; the import volume in September is expected to be between 500000 and 600000 tons The total of the above items amounts to 8.2-8.3 million tons, so the expected figure of 8 million tons is relatively conservative, but it has increased by 108% compared with the previous year In 1999 / 2000, China's new soybean supply was 22.25 million tons, an increase of 17% over the previous year In this year, the total domestic soybean consumption will be close to 21.8 million tons, including 14.32 million tons of oil, accounting for 66% of the total consumption, and 6.8 million tons of edible and industrial consumption, accounting for 31% of the total consumption If a small amount of soybean exports is taken into account, the total soybean consumption in 1999 / 2000 will be close to 22 million tons, that is, the annual supply will slightly surplus It is estimated that in 2000 / 2001, soybean imports will reach 8.5 million tons, plus 14.48 million tons of new soybean production, and the annual new supply will be close to 23 million tons However, in the same period, the consumption of domestic oil soybeans will probably reach 15.5 million tons, and the total consumption of domestic soybeans is expected to reach 23 million tons Combined with some soybean exports, the annual consumption will reach 23.44 million tons, so the new supply of this year will be slightly insufficient China feed industry information network fkx (author:)