Domestic soybean supply will be less than demand
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Last Update: 2002-02-07
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Source: Internet
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Author: User
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Introduction: Asia Daily News China News reported that a Japanese publication called soybean meal as the best feedstuff left after soybean oil was pressed For China, since March this year, China is about to implement strict import restrictions on genetically modified products, which is expected to impose strict restrictions on U.S soybean exports to China There will be a shortage of domestic soybean supply, which is difficult to meet the domestic demand Domestic demand for soybean meal imports from Japan may exceed supply The MPX media reported that China imported 14 million tons of soybeans from abroad last year However, China's soybean imports from the United States are expected to enter a period of stagnation due to strict import management At present, in China, the price of soybeans is $220 / ton, up 10% compared with the previous year, which is caused by China's growing supply and demand relationship As Japan worries, soybean meal is the most affected Due to the emergence of BSE, Japanese feed producers and farmers have turned to soybean meal as basic feed In addition, in the first 11 months of 2001, Japan imported 215000 tons of soybean meal from China, which is 26 times of the same period in 2000 MpX
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