China News Service, August 26. Tang Ke, Director of the Department of Market and Information Technology of the Ministry of Agriculture and Rural Affairs, said on the 26th that with the implementation of the first phase of the Sino-US economic and trade agreement, soybean imports from the United States are expected to continue to increase, and China's soybean imports are expected in the second half of the year. Steady price increase.
Data map: Customs officers conduct sensory quarantine on soybeans exported to China. Photo by Qu Yanlin
On the morning of the 26th, the Ministry of Agriculture and Rural Affairs held a press conference on the current grain market operation and production. A reporter asked: my country is a big soybean importer. Will my country's soybean imports this year have been greatly affected by the new crown pneumonia epidemic? How is the domestic soybean market trend?
Tang Ke responded that my country's imported soybeans are mainly used for oil extraction to meet domestic demand for edible vegetable oil and soybean meal feed. The main importing countries are Brazil, the United States, and Argentina. Since the beginning of this year, the global spread of the new crown pneumonia epidemic has objectively suppressed the demand for soybeans. In addition, the low oil price has suppressed the demand for biomass fuel. Therefore, the global supply and demand of soybeans are loose. The international soybean market prices are generally stable, which objectively benefits China's soybeans. import.
Tang Ke pointed out that from the data, my country's soybean imports have increased since the beginning of this year, and the current price has risen slightly. According to customs statistics, from January to July, my country imported 55.14 million tons of soybeans, an increase of 17.6% year-on-year, of which 10.09 million tons of soybeans were imported in July, an increase of 16.8% year-on-year. In July, the after-tax price of imported soybeans in Shandong was 1.62 yuan per catty, up 1.6% month-on-month and 2.5% year-on-year. From the perspective of domestic soybeans, the price of domestic soybeans continued to improve this year, driven by strong food demand. According to monitoring, the average purchase price of domestic edible soybeans in Heilongjiang in July was 2.75 yuan per catty, a month-on-month increase of 8.2% and a year-on-year increase of 51.2%.
Tang Ke said that from the perspective of the later trend, North American soybeans have been listed in high yields. With the implementation of the first phase of the Sino-US economic and trade agreement, soybean imports from the United States are expected to continue to increase. It is expected that China's soybean imports will increase in price in the second half of the year. It is guaranteed. The State Reserve has auctioned soybeans to the market one after another. In addition to the upcoming launch of new soybeans, market supply continues to increase. It is expected that domestic soybean prices will fall from a high level.