Us forecast rapid growth of China's soybean import
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Last Update: 2002-04-03
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Source: Internet
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Author: User
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Introduction: the U.S Department of Agriculture released the latest "long term agricultural forecast report" on February 22, which forecasts the global soybean trade prospect once a year The U.S Department of agriculture forecasts that China's soybean imports will increase rapidly at an average annual rate of over 8% in the next decade It is expected that by 2011, China's soybean imports will reach 30.9 million tons, 2.3 times of the current annual imports According to the U.S Department of agriculture, the global soybean import trade in 2011 is 78 million tons If China imports 30.9 million tons, China will account for 40% of the global soybean import at that time In 2000 / 01, China's actual soybean import volume was 13.2 million tons, accounting for 24.3% of the global soybean trade volume Among soybean exporting countries, Brazil's export volume is expected to increase the most significantly, from 16.9 million tons in 2001 / 02 to 32.4 million tons in 2011 / 12 Argentina's soybean export volume will increase steadily from 7.3 million tons to 9 million tons American soybean exports in 2002 / 03 and 2003 / 04 are expected to increase by 800000 tons per year, and then the growth slows down, increasing by 200000-300000 tons per year In the next decade, the proportion of U.S soybean exports to world soybean exports is expected to gradually decline from 47% to 39%.
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