Full export tax rebate will close the falling space of soybean meal

Introduction: Recently, the market hearsay that China will soon allow full refund of soybean meal, that is to say, the export rebate of soybean meal in China is likely to increase from 5% to 13% If this policy is implemented, the supply and demand of soybean meal in China will change fundamentally, the price of soybean meal will be strongly supported, and the falling space of soybean meal will be completely closed We can know the change of the exporter's cost after the following soybean meal tax rebate rate is increased to 13% If the soybean meal sales price of the oil enterprise is 1900 yuan / ton (including tax), then the total cost of the soybean meal exporter is 2000 yuan / ton According to the 13% export tax rebate rate, the tax rebate is 218 yuan / ton, the net cost of the soybean meal export is 1782 yuan / ton, and the net cost of the soybean meal export is 1782 yuan / ton The export price is 215 US dollars / ton (FOB) That is to say, after the implementation of the full tax rebate policy for soybean meal export, the sale price of soybean meal in China can guarantee the profit of dealers as long as it exceeds 215 US dollars / ton (of course, with the different cost of imported soybean, the cost of soybean meal export is also changing) From the above analysis, we can see that after the implementation of the full tax rebate policy for soybean meal, it is possible for domestic soybean meal sales to open up a new sales channel, rather than just facing a domestic market as it is now At present, the price of American high protein soybean meal to Asia is 227 US dollars / ton, Brazil high protein soybean meal to Asia is 216 US dollars / ton, Argentina low protein soybean meal to Asia is 207 US dollars / ton, India soybean meal is 235 US dollars / ton Compared with the price of American and India, the price of Chinese soybean meal has obvious advantages In addition, China's transportation distance is short and the shipment is flexible It is believed that China's soybean meal export will further expand, and the production and operation environment of domestic oil plants will be further relaxed under the regulation of international and domestic markets After the full refund of soybean meal is implemented, the domestic oil plants can adjust the sales ideas according to the prices of the international and domestic markets to ensure the operating profit as much as possible That is to say, the increase of domestic soybean meal price enables the oil plants to increase the sales volume in China, while the increase of international soybean meal price enables the oil plants to increase the export volume of soybean meal At the same time, due to the adoption of imported soybean Because of the low tax rate, the imported soybean meal is becoming more and more remote The operating environment of domestic oil plants is expected to be further improved The sale of soybean meal will be more flexible, and the domestic oil industry will be further developed.