Soybean: China's demand subsides, while EU's demand rises
-
Last Update: 2001-10-31
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: in 2001 / 02, the world's soybean export to China has been reduced by 200000 tons, most of which occurred in September, October and November U.S soybean exports to China began to lag, with only 109000 tons shipped to China in the week ending October 11 South American soybean exports to China have also been small Analysts expect soybean exports to China to be further reduced if domestic soybean and soybean product prices do not improve Although the arrival of Chinese soybean imports slowed down suddenly, the domestic price of Chinese soybean has not increased yet At the current price level, the soybean meal import demand of EU should be improved At present, the soybean meal import demand of EU in 2001 / 02 is expected to increase by 1.5 million tons European prices continue to fall, making the use of soybean meal in compound feed formulas more attractive Soybean meal prices are now significantly lower than the same period last year If the price of soybean meal falls further, demand will rise because the price elasticity of soybean meal in Europe is believed to be quite high.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
