Current situation and Prospect of soybean import in China

Introduction: - import demand is still uncertain, and domestic supply shortage is inevitable in the short term Since China promulgated the new genetically modified regulations on March 20, China's soybean import has basically stagnated As of May 2, the U.S soybean export to China in 2001 / 02 is still 4211000 tons In fact, since March 14, the U.S soybean has not been shipped to China Therefore, domestic soybean crushers have to rely on the previously accumulated imported soybean stocks and domestic soybean supply However, in most cases, domestic soybeans need to be transported by long-distance transportation to soybean crushing plants in Central China, South China and coastal areas According to the current forecast, China imported only 100000 tons of soybeans in April, compared with 1.25 million tons in the same period last year The situation of soybean import in the first half of May is still not optimistic It can be concluded that most of the soybean stocks available in China have been consumed At present, soybean crushing plants are facing a serious shortage of raw materials However, due to the government's tendency to use the regulation of soybean import to improve the domestic soybean planting area, it can be expected that the current situation of soybean import delay will be maintained in a short time However, with the soaring price of domestic soybean meal and soybean oil and the attention paid to speculative cutting in the futures market, the recovery of soybean import should be expected A4d from the U.S Department of agriculture export sales report, it can be seen that China's soybean procurement began to accelerate in the second half of April and early May After a two-month hiatus, the first 78000 tons of us soybeans were sold to China in the week ending April 25, while another 35000 tons were sold to China in the week ending may 2 Argentina also sold 200000 tons of soybeans to China in the second half of April More sales will follow in May At present, Brazil's soybean sales to China are also accelerating significantly A4d however, in view of the uncertainty of China's import policy at present, there is still the possibility of a temporary shortage in China In May, China's soybean crushing is expected to be significantly reduced, lower than the previous month, or even lower than the same period last year Therefore, there may be a shortage of soybean oil and soybean meal in China A4D