Soybean processing enterprises actively break through to save themselves

Introduction: due to the sharp fall of soybean market prices at home and abroad, the market risk awareness of domestic enterprises is weak, and the soybean processing industry in China has suffered serious losses, many enterprises are facing survival crisis, some even call this "systemic collapse risk" For this reason, domestic soybean processing enterprises call on the industry to help themselves -- the soybean processing industry "Taishan mountain tops" according to relevant persons of China vegetable oil industry association, since May this year, most domestic processing enterprises have difficulties in survival, and the soybean processing industry is undergoing a severe test Due to the continuous devaluation of imports and stocks of soybeans, more than 90% of the country's soybean crushing enterprises have suffered serious losses, and at least half of them are on the verge of bankruptcy He predicted that in the first half of this year, China's soybean processing enterprises could lose as much as 5 billion yuan, let alone the losses after processing, in terms of high price imports of soybeans and inability to receive goods and "ship washing" Since November last year, soybean futures on the Chicago Board of trade (CBOT) have continued to climb from about 750 cents per bushel to a peak of 1064 cents per bushel at the beginning of April, up about 40% However, from the beginning of April to the close of August 2, the price of us (CBOT) soybeans plummeted to 597 cents per bushel Industry insiders pointed out that the seriousness of the problem lies in that since this year, most of China's soybean imports have been ordered from the United States at a high point of about 1000 cents per bushel The CIF price has reached an average of more than 4000 yuan per ton, which has not yet been waiting for warehousing and processing, and its value has immediately shrunk by more than 20% According to customs statistics, China's soybean imports reached 8.39 million tons in the first five months of this year According to the analysis of the squeezing industry, according to the current market prices of soybeans, soybean oil and soybean meal, and based on the loss of 500 yuan per ton of imported soybeans, the total loss of imported soybeans in the first half of this year by the national soybean squeezing enterprises is at least 4 billion yuan Coupled with the possible loss of imports in the second half of the year, China's soybean processing industry can be described as "the top of Taishan Mountain" On the surface, the risk is caused by the abnormal price fluctuation of imported soybeans In fact, the most essential factor is that the whole soybean industry has not established a perfect market operation mechanism, and the soybean processing enterprises generally lack market risk awareness It is understood that in the past five years, the processing profit of at least 150 to 300 yuan per ton of imported soybeans has reached 500 yuan at the highest This not only stimulates the strong import of soybean, but also increases the processing capacity of soybean, which brings the vicious competition of soybean processing industry Statistics show that although at least 60% of the country's soybean processing capacity is idle, soybean processing projects are still in a hot state In the face of survival crisis, domestic soybean processing enterprises call for Industry self-help From the middle of May to the end of June, the soybean branch of China Chamber of Commerce for import and export of food, soil and livestock held four market situation analysis meetings at the request of some processing enterprises At the meeting, 16 enterprises proposed to reduce the quantity of arrival in the second quarter and the order quantity of imported soybeans in the second half of the year through negotiation It was suggested that domestic enterprises should adjust each other and purchase the soybeans needed in Dalian Commodity Fair to reduce the import of soybeans and relieve the market pressure of domestic soybean crushing industry However, the plan was aborted due to differences among domestic processing enterprises on whether to reduce sales or stabilize prices of downstream products -- the market operation ability needs to be improved urgently According to the research department of Dalian Commodity Exchange, we have learned many lessons and Enlightenment from the crisis of soybean processing industry First, the soybean market is more profitable and risky Second, macro-control departments should guide the healthy development of soybean industry through timely and accurate release of market information such as soybean import and processing and policy adjustment Third, we should give full play to the function of the futures market of agricultural products, fight for the pricing power of the international agricultural products market, encourage soybean processing enterprises to participate in the hedging of the futures market, and guide farmers to plant soybeans with the price information of the futures market Fourth, to save the soybean processing industry of our country, the most fundamental thing is to improve the market operation ability of enterprises, not to restrict imports and rely on the protection of national industries The consensus in the industry is that soybean oil processing enterprises should also change passive waiting into active breakthrough, use Dalian futures market to carry out partial hedging of soybean meal futures, avoid market risks, and be able to "Phoenix Nirvana" and regain development after paying the expensive "tuition fees".