The effect of transgenic rules on soybean price in Heilongjiang Province

Introduction: Recently, the soybean market price in Heilongjiang Province has experienced twists and turns Taking Suihua as an example, in the middle of March, the purchase price of soybeans rose from 1640-1660 yuan / ton to 1680-1700 yuan / ton, while the market price of soybeans continued to rise for less than a week, showing a downward trend So far, the purchase price of soybeans has fallen by 20-30 yuan / ton The main reason is the change and adjustment of transgenic policy According to the regulations on the safety management of genetically modified organisms issued on June 6 last year, the application time for importing soybeans is 270 days (9 months) The market forecasts that the import of soybeans in the first and second quarters of this year will be significantly reduced or even cut off, thus boosting the price of soybeans in the province Recently, according to the provisions of the interim agreement on genetically modified organisms, the application time for soybean import by the end of this year will be significantly shortened to 30 days, which greatly reduces the risk that traders bear in importing soybeans and makes the prospects of soybean import turn around Therefore, the Traders and soybean processors began to re predict the quantity of imported soybeans and their price trends, thus forming a downward trend on soybean prices in Heilongjiang Province Some time ago, soybean farmers in Heilongjiang Province were reluctant to sell, but the recent temporary measures made the soybean export from the U.S to China continue Under the influence of this, people began to sell the stored beans, and the soybean price began to decline The annual output of soybeans in China is about 15 million tons, of which about 7-7.5 million tons of domestic soybeans are used for oil extraction, while the crushing capacity in China is about 20 million tons Under the situation that the domestic soybean market is in short supply, China opened the domestic soybean market in 1995 / 1996, which made China change from a net soybean exporter to a net soybean importer In recent two years, with the rapid development of China's economy, the demand for soybeans is also increasing Some experts predict that the demand for soybeans in 2002 will be 29.657 million tons, an increase of 1.295 million tons compared with 2001 It can be seen that the supply-demand relationship in the domestic soybean market has not changed On this premise, China will continue to import soybeans BFi