echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Active Ingredient News > Feed Industry News > Domestic soybean market price is expected to rise

    Domestic soybean market price is expected to rise

    • Last Update: 2002-05-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Introduction: In May, the domestic soybean market entered a new stage of development, and soybean prices all over the country rose one after another According to the statistical data on the price of domestic soybean purchased by oil processing enterprises from relevant departments, 2040-2160 yuan / ton in Shandong, 20-100 yuan / ton higher than 2020-2060 yuan / ton in the early stage; 2060-2100 yuan / ton in Henan, 20-40 yuan / ton higher than 2040-2060 in the early stage; 2060-2100 yuan / ton in Shaanxi, It is 20-40 yuan / ton higher than 2040-2060 yuan / ton in the early stage; 1960-2000 yuan / ton in Liaoning, 20-40 yuan / ton higher than 1940-1980 yuan / ton in the early stage; 1960-2000 yuan / ton in Jilin, 20-40 yuan / ton higher than 1940-1970 yuan / ton in the early stage, and soybean prices in other regions are also significantly higher than those in the early stage The price rise is due to the adjustment of railway freight, the supervision of imported soybeans and the aggravation of reluctance to sell The specific analysis is as follows: first, the government's supervision of imports makes it more difficult to import soybeans China has been the world's major soybean exporter for a long time, but with the development of animal husbandry in China, the demand for soybean meal for feed has increased rapidly; after the opening of oil market, the capacity of oil processing has expanded rapidly, and the demand for soybean has increased rapidly In 2001, China's huge soybean import has brought serious impact on the domestic soybean market, which has strengthened the national regulation and control of soybean Since June last year, the import of genetically modified soybeans has been controlled, and the domestic soybean price has been injected with fresh vitality With the implementation of "safety management conditions for agricultural genetically modified organisms" and "three supporting measures" and "inspection and quarantine management measures for entry and exit food and feed" on March 20 and March 1, 2002, the price of domestic soybean began to breed a new opportunity for rising Although the interim import certificate and mark examination approval documents for genetically modified agricultural products have been issued in mid April, and the soybean import in China has continued, up to now, no imported soybean has arrived in domestic ports According to the analysis, although several ships of imported soybeans are on their way to China, but due to the procedures such as quarantine license documents are still not implemented, and some large suppliers in the United States have not yet resumed the soybean trade with China so far, so there is almost no possibility that a large number of imported soybeans will arrive at the end of May, while the domestic soybeans in China will be difficult to maintain until next month Recently, the state issued a new import management regulation The new grain and oil import policy aims to limit soybean import by delaying import, digesting domestic soybean supply As a result, the domestic soybean market price is expected to remain strong in May Second, the inventory quantity is scarce, and the mentality of reluctant to sell is enhanced According to the statistics of grain in Heilongjiang Province, the soybean inventory in Heilongjiang Province was 3.37 million tons at the end of January, 2.7 million tons of new soybean inventory in 2001 at the end of February, reducing 600000-700000 tons In addition, according to the data provided by the sources, the imported soybean inventory in China's ports was also rapidly consumed Soybean stocks at Chinese ports are expected to be 1.8 million tons on March 20, but by May 7, they were down by two-thirds, to a level of 600000 tons As a result, the price of imported soybeans in Chinese ports is also rising strongly During May Day, the price of imported soybeans reached 2200 yuan per ton, almost 200 yuan higher than the price at the end of March At the same time, with the continuous procurement of domestic soybeans in the new year, there are few soybeans left in the hands of farmers, and few soybeans can be purchased by storage enterprises At present, it is the spring sowing period in the north, most of the farmers are busy planting land and selling less grain Several factors lead to the scarcity of domestic soybean stock As the price keeps rising, farmers and sales enterprises are more reluctant to sell, which further promotes the driving force of soybean price 3 Soybean meal prices rose and the market continued to rise After March, the aquaculture industry in North China, central China and East China has gradually entered the peak season, and the demand for feed in other aquaculture industries will increase significantly In addition, in recent two years, most of the feed processing enterprises usually have a small stock of soybean meal, and people have the habit of buying up and not buying down The actual decrease of soybean meal supply and psychological expectation factors have changed the soybean meal market from weak to strong Recently, restricted by the state's soybean import, the domestic soybean market will still face the dilemma of supply shortage in May Therefore, feed processing plants stepped up the work of increasing soybean meal inventory in late April The market demand for soybean meal increased significantly, and the market price of soybean meal rebounded accordingly According to overseas media, the price of domestic soybean meal in China rose 80-100 yuan per ton, and that of Guangdong Province The highest transaction price of soybean meal production reached 1900 yuan per ton, nearly 100 yuan higher than that of the previous one Soybean meal, as a by-product of soybean processing, is closely related to the soybean market, and its price rise also drives the soybean price to be optimistic All in all, recently, the domestic soybean market has gone out of a wave of rising prices In the later stage, the domestic soybean market price is expected to rise in the whole line (author: Wang Shiliang) (author:) shared on feed Weibo to:
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.