Is the rise of spot price of domestic soybean the cause of a large number of imports

Introduction: the substantial increase in China's soybean imports is due to the sharp increase in the demand for soybean raw materials caused by the continuous expansion of domestic crushing capacity in recent two years The substantial increase in China's soybean imports is due to the sharp increase in the demand for soybean raw materials caused by the continuous expansion of domestic crushing capacity in recent two years Relevant data show that at the end of 2002, the domestic crushing capacity has increased substantially to 50 million tons, and will continue to increase to 66 million tons in 2003 Even if the number of domestic soybean crushing demand calculated by 50% of the equipment utilization rate is amazing, the domestic soybean is far from meeting the demand, in this case, the price has been relegated to a secondary position In fact, the price of domestic new beans was significantly higher than that of the same period last year, but it did not affect the purchase interest of the squeezing manufacturers As a result, domestic soybeans were driven by the continuous influx of purchase demand and the spot price continued to rise 40% higher than that of the same period last year The rise of import price of PNE is completely the result of the action of market law The fact that the price rises but can be traded shows that the price is reasonable If soybean crushing enterprises feel that the price of raw materials is too high, it must be because the price of downstream products does not rise correspondingly Why are so many enterprises willing to purchase at a high price? Because production has to be maintained The crux of the problem is here PNE in fact, the high speed expansion of soybean processing capacity has been seriously overdrawn in China The actual demand of soybean meal and soybean oil has foam components, resulting in the depressed prices of squeezed products, but this is actually a normal phenomenon in the market competition PNE 96 After, the government changed the import of soybean meal and soybean oil to import soybeans, replaced trade with investment, and vigorously developed the crushing industry As a result, domestic and foreign funds entered the soybean crushing industry in a large scale and changed the original market pattern Before the new pattern was completely finalized, large enterprises, especially foreign giants, paid more attention to market share rather than short-term profits, for which they were often willing to pay for a period of time Time or even the cost of small profits or losses for several years, so in the recent years of fierce competition in the soybean crush market, the bubble that has some false elements will still be maintained in the recent few years, and this will bring about an increase in demand for soybean itself, though it is artificial but it is a real demand Soybean prices are stronger than soybean meal and soybean oil The abnormal phenomenon will continue to appear, which is the objective fact that the squeezing enterprises cannot avoid If you can't stand it, you can only withdraw from the market and stop purchasing and production The survival of the strong in PNE is a common law in the market economy society In China, which has been increasingly integrated into the international market after China's accession to the WTO, it is unrealistic to expect the government to issue measures to protect the weak Therefore, this problem can only be solved by the market itself If we can say what the government can do in it, the only feasible thing is to vigorously develop the domestic soybean industry, promote the "high yield and high oil soybean" plan, improve the yield and quality of domestic soybean as much as possible to meet the domestic demand, so as to reduce the dependence on imported soybean PNE - JianZheng futures Qiu Haixiang PNE