Soybean meal export growth has a profound impact

Introduction: Zhejiang Tianma is Junfeng In recent two years, China has changed from a soybean meal importer to a soybean meal exporter It is estimated that the export volume will exceed 1 million tons this year Therefore, the situation of soybean meal export will gradually become one of the important factors affecting the market LVN began to import a large amount of soybean meal in China from 1995, and the import of soybean meal reached a peak of about 4 million tons from 1997 to 1998 However, since 1999, as the state began to impose a value-added tax of 13% on soybean meal imports, the number of soybean meal imports dropped sharply, while the domestic oil processing capacity gradually increased, and the number of soybean meal exports began to grow slowly In the second half of 2001, the total supply of domestic soybean meal was surplus Since 2002, the State Administration of Taxation has adjusted the export tax rebate policy of soybean meal, increasing the export tax rebate rate of soybean meal from 5% to 13% Therefore, after 2002, soybean meal export has a rapid growth momentum LVN is mainly exported to Southeast Asian countries, including Thailand, Malaysia, Indonesia, South Korea and Japan Compared with the South American soybean meal, China has the advantages of low processing cost, short transportation distance, fresh soybean meal, boat transportation to the surrounding countries and regional ports However, the traditional competitor of Chinese soybean meal, India, has seen a large-scale reduction in oil seed production this year, and the export of soybean meal has also shown a downward trend From October 2002 to February 2003, the export of soybean meal dropped by 770000 tons to 990000 tons, of which only 165000 tons were exported in February India's soybean meal exports are expected to be just 1.45 million tons this year, down by as much as 1 million tons from last year In addition, due to the impact of the US Iraq war, the risk of sea transportation increases, and the transportation cost of shipping is bound to rise, which will weaken the price advantage of South American soybean meal to a certain extent Therefore, in the face of the annual demand of 6 million tons of soybean meal in Southeast Asian countries, there are favorable external conditions for expanding the export of soybean meal in China at present, and greater opportunities for the domestic oil industry LVN from China's policy point of view, the state for soybean meal exports to adopt a positive policy of encouragement and support First of all, last year, the State Administration of Taxation raised the export tax rebate rate of soybean meal to 13%, which greatly encouraged the export of large coastal oil enterprises Secondly, in late January this year, the State Planning Commission and other nine departments jointly issued the notice on the implementation of relevant measures to further support the development of China's soybean industry, which also encouraged China's soybean processing enterprises to give full play to their advantages in processing and location, open up the international market of soybean meal, and provide import quota arrangement for domestic sale of soybean oil after processing trade and import of soybean meal, according to the tariff quota Import is taxed In addition, the information obtained from oil companies shows that the Ministry of agriculture of China also strongly supports the export of soybean meal In the process of issuing the genetically modified soybean import certificate, the import genetically modified soybean used for direct processing and export is given priority Although the export of LVN soybean meal has been supported by the policy to a large extent, the price of domestic soybean meal is about 100 yuan / ton higher than the export price, so the price advantage of our country's soybean meal export is not obvious The reason why the export enterprises prefer to export at a lower price is the long-term market share, but the short-term price sensitivity is low In a sense, if the relatively high domestic soybean meal price drops to a certain level, it will stimulate the soybean meal export greatly, and also help to alleviate the impact of a large number of imported soybeans on the domestic market In addition, LVN is worthy of our attention Due to the increasing export of soybean meal, we have to increase the soybean meal export as a new analysis factor when we study the situation of imported soybean Considering from the total amount of imported soybeans, it is necessary to subtract the quantity of soymeal exported from the quantity of imported soybeans, which is the real import quantity that affects the domestic soybean market As for the specific imported soybean ships, it is also necessary to understand the specific flow direction and use of the soybean, whether it is directly exported after processing or sold domestically, which can not be ignored LVN shows that soybean meal export will play a very important role in the future market research and judgment, and the situation of soybean meal export will gradually become one of the important factors affecting the market However, we can not generalize the study and judgment of soybean meal export We must make a dynamic analysis from the time and quantity, so as to draw a real and effective profound conclusion   LVN
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