China's soybean import and export trade returns to normal

Introduction: American Soybean Association news: American and Chinese officials seem to have reached a working agreement on how China will implement its new regulations on genetically modified products Recently, the sharp increase in soybean sales to China shows that the world's largest soybean importer has resumed normal trade Last summer, regulations on the management of genetically modified products were introduced, which required the safety of genetically modified products and the marking of genetically modified products, as well as stricter inspection system As a result, the export trade of the United States is actually in a state of suspension, which greatly delays the unloading time of goods from China's port Latin American countries, and makes exporters worry about the new contracts signed Some traders and government officials of soybean exporting countries suspect that this is a non-tariff barrier, intended to protect China's own soybean growers and crushers from competition with imported soybean oil after China's accession to the WTO In fact, it seems that this view is not quite right, but it is not entirely wrong, because blocking soybean imports is not good for China China's own soybean and other oilseed production, although growing slowly, is far from meeting the needs of the fast-growing food and feed industry In addition, large crushing and processing plants, which are at the forefront of China's feed and meat development, need regular and large-scale supply, and only imports can ensure the supply China's soybean imports for 2001 / 02 are currently forecast at 14 million tons, up from 13.2 million tons last year and 10.1 million tons the year before In 1997, China imported only 3 million tons of soybeans China's consumption of protein meal increased from 22.6 million tons in 1997 / 98 to 31.3 million tons this season (author:) share to feed Weibo share to: