Oil world believes that China is trying to reduce soybean imports
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Last Update: 2002-02-06
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Source: Internet
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Author: User
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Lead: oil world, a Hamburg based news agency, said the Chinese government may be trying to help the domestic soybean industry by reducing soybean imports This year, China became a member of the WTO, promising to reduce tariffs on imported oilseeds and domestic production and increase import quotas The oil world said the Chinese government is concerned about the recent sharp rise in imports and the low domestic prices We believe that the Chinese government is changing its policy to reduce soybean imports, raise domestic prices, stimulate soybean and other oilseeds cultivation at the expense of grain production, and regulate imports with non-tariff rules China's palm oil and soybean oil stocks are higher than last year, but as long as imports decrease, the stocks of oil seeds, oil and meal will decrease China's price elasticity is still not strong enough, when prices will rise sharply, forcing the government to loosen import restrictions and increase the import of palm oil, soybean oil and soybean meal ahead of time (author:) share to feed Weibo share to:
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