China's soybean import will face a dilemma after entering WTO
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Last Update: 2001-12-17
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Source: Internet
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Author: User
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Introduction: overseas media reported that China used to import a large number of soybeans and is becoming the main soybean meal exporter in Asia In markets like Japan, the traditional soybean meal exporter India has been pushed aside But traders say it would be pointless for China to import soyoil from the United States or South America at home if it fulfilled its WTO commitments to allow a large amount of soyoil to be imported At that time, China will probably become a soybean meal importer again The Chinese government needs to consider the lives of thousands of farmers, but has yet to consider the survival of the soybean crushing plants that have sprung up in recent years China is committed to liberalizing the soybean oil market and will issue 2.52 million tons of soybean oil import quota next year, equivalent to more than 10 million tons of soybeans In the first 10 months of this year, China imported only 52592 tons of soybean oil, while in the same period, it imported a huge amount of 12.06 million tons of soybean China's domestic soybean production is about 15 million tons UtE
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