China still doesn't agree with Brazil's soybean import, but the prospect is optimistic

Introduction: Chicago, January 17 Chicago, January 17 news: Beijing said on Friday that according to the latest report from China's national grain and oil information center, as of Friday, the Chinese government had not issued a genetically modified soybean import license to Brazil There was a rumor in the DPN market that China would soon issue Brazilian soybean import licenses after Brazil submitted more detailed materials on genetically modified soybeans to China on Tuesday The report of the State Grain and Oil Information Center denied the authenticity of market rumors DPN odj pointed out in previous reports that Brazil's minister of agriculture, Roverto Rodrigues, had submitted a new safety certification material to the Chinese ambassador to Brazil on the export of soybeans to China, which added that the reason why the previously exported soybeans may contain Monsanto Roundup Ready genetically modified soybeans DPN, however, the head of the GM Product Management Office of the Ministry of agriculture of China did not comment on the market rumors Cheng Jingen, director of DPN's GM office, told the participants at an academic seminar on Saturday that the report of the State Grain and Oil Information Center pointed out that the Chinese government would allow the import of Brazilian soybeans if Brazil provided relevant materials that met the requirements DPN from the current point of view, during the Spring Festival, or until the middle of February, China's GM office may not issue licenses to foreign companies to import Brazilian soybeans The national grain and Oil Information Center said that before the Spring Festival, the agenda of the GM office was very tight This means that importers of Brazilian soybeans need to wait 80-90 days for the import license to take effect It will take 42 days for the GM office to review whether the application materials conform to the temporary GM soybean import safety certification regulations In addition, AQSIQ will take 10-20 days to inspect and decide whether to issue import license Finally, it will take another 30 days for the import license to take effect DPN for March soybean, the remaining time is very short The State Grain and Oil Information Center said in its report that it is now necessary to cancel the March shipment of soybean exports However, soybeans shipped in March will not arrive in China until mid May, so importers still have the opportunity to get the license name of imported soybeans in time DPN if the GM office starts to review the application materials in mid February, it is expected that overseas companies will get the GM soybean safety certificate by the end of March AQSIQ will issue import license in April, which will take effect in May According to DPN, a Beijing trader from a Hong Kong based cooking oil company on Friday, China has bought Brazilian soybeans on 10 freighters for March April Up to now, 7 million tons of South American soybeans have been purchased in 2002-03, according to analysts from DPN China National Grain and oil information center The price standard is CFR price or FOB price In the report, DPN national grain and Oil Information Center said that from June to November 2003, the average monthly soybean import volume is expected to reach 1.5 million tons, the highest level in history DpN