Soybean demand forecast of China and EU
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Last Update: 2001-10-31
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Source: Internet
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Author: User
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Introduction: according to the prediction of the American Soybean Association, the global soybean export to China may fall by 200000 tons in 2001-02, among which the import reduction is mainly concentrated in September, October and November This year, U.S soybean exports to China started rather slowly, with only 109000 tons shipped to China by the week of October 11 South American soybean exports to China have also declined Analysts believe that if China's domestic soybean and its product prices do not rise in a decent way, it is necessary to further reduce the export forecast Although the number of imported soybeans arriving in Hong Kong has decreased suddenly, there is no sign of a new increase in domestic prices At the current price, EU soybean meal import demand should increase, and it is expected to increase by about 1.5 million tons in 2001-02 Soybean meal prices in Europe have been declining, so that among many compound feeds, soybean meal has a comparative advantage, and the current price is much lower than that of the same period last year.
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