Review of international soybean and its product market

Introduction: 1 Pakistan: Pakistan trading company has sold 4800 tons of soybean oil by auction, with the trading volume reaching INR 17523.7 million Cooking oil producers and commercial importers participated in the auction The price of 4800 tons of soybean oil is 36505-36524 rupees / ton Five batches are 50 tons, eight batches are 100 tons, three batches are 250 tons and six batches are 500 tons The total sales amount is INR 175237550 The sales tariff is 20% This is the 14th auction of 10000 tons of American soybean oil imported under 416 (b) plan by Pakistan trading company 2 India: as the world's largest edible oil importer, India may significantly increase soybean oil procurement in July As the price gap between soybean oil and palm oil is significantly narrowed, the difference between the import soybean oil tariff and refined palm oil price is about 1000 rupees / ton, about 3000 rupees / ton compared with last year As a result, importers will shift from palm oil to soybean oil In July, the soybean oil import volume was about 250000-300000 tons, mainly from Argentina and Brazil, far higher than the purchase volume of 180000 tons in the same period last year Since July last year, the price gap between the two vegetable oils has been narrowing because of the sharp rise in global palm oil prices and limited increase in soybean oil III The Netherlands: due to the implementation of the ban on meat and bone meal, it is expected that soybean imports in the Netherlands will reach a record in 2001 / 02 Imports and presses of rapeseed and sunflower seeds decreased in the year due to weaker profits and lower supply In 2001 / 02, soybean imports from the Netherlands may exceed 6 million tons, which will be a new record The increase in imports was mainly due to the ban on meat and bone meal, as well as the increase in feed demand in the poultry industry and the decline in other oil meal supplies It is expected that in 2001 / 02, the number of soybeans imported from the Netherlands to the United States will be stable at 2 million-2.2 million tons 4 Argentina: rising soybean prices in Argentina have prompted more farmers to sell, but domestic grain sales are still slow, 30% - 40% lower than the same period last year Farmers are worried about the economic crisis and are reluctant to sell their produce There is not enough grain and oilseeds to meet the market demand, forcing grain companies to restrict export orders The peso plays a very important role in determining price trends, as food and oilseeds are priced in US dollars on the international market EU: EU soybean meal buyers are busy purchasing non GMO soybean meal But they don't want to pay for a full certificate But the cost of getting a non GMO soybean meal certificate from India has increased significantly Strict certificates account for 5% - 10% of the total cost One third of France's annual imports of 3 million tons of soybean meal come from Brazil, which is labeled as non GMO, but there is no strict certification procedure 6 Brazil: BM & F futures and commodity exchange of Brazil plans to establish a new soybean futures contract soon, which will allow low profit industries to sell through intermediate exporters BM & F exchange, founded in 1917, is the fifth largest commodity and Futures Exchange in the world The most active trading is US dollar futures, which also includes beef, coffee, sugar, alcohol, gold and various grain contracts The new soybean contract will be based on 100 tons and the main Brazilian port of Paranagua will be quoted in US dollars Brazil is the world's second largest soybean producer and exporter, but the global soybean export price is basically based on CBOT, according to the price of CBOT, water or shrinkage (author:) share to feed Weibo share to: