The national development and Reform Commission issued a warning: the domestic soybean crushing capacity is seriously over
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to an industry warning report released by China Development and Reform Commission recently, there is a serious overcapacity in the domestic soybean crushing industry In recent years, with the rapid economic growth, the domestic soybean pressing industry is also expanding rapidly By the end of 2004, the annual processing capacity of 169 domestic soybean crushing enterprises had reached 70.1 million tons, but the annual average operating rate was less than 40% Entrusted by the government, China vegetable oil industry association investigated the domestic crushing industry and issued an industry warning report In 2004, China's total soybean meal demand was about 22 million tons, including 656000 tons of exports The current soybean crushing capacity is more than 2.6 times of the actual demand of soybean meal market The report points out that due to overcapacity, there is fierce competition among crushing enterprises The vegetable oil industry Association believes that the urgent task at present is to take measures to avoid further blind expansion of soybean crushing industry China is the world's largest soybean importer, importing 20.2 million tons in 2004, 2.4% lower than the record level in 2003 In 2004, the domestic soybean output was about 18 million tons, of which about half was used for pressing and the rest for eating.
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