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Soybean prices hit by imports, 2015 soybean planting area may shrink
In recent years, China's soybean market has been severely hit by imports. In 2014, China's total soybean imports reached 71.4 million tons, breaking through 70 million tons for the first time. In the same period, domestic soybean production was only 12.2 million tons, and import prices were even lower than domestic soybean prices, leaving domestic soybeans almost no
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Agricultural production will continue to face import pressure this year
Affected by the combined factors of growing domestic demand, a widening price gap between domestic and international markets, and the international market being at a cyclical low, China's imports of agricultural products continued to grow at a high level in 2014. Looking at specific products, grain imports grew substantially, oilseed and vegetable oil imports remained generally stable, cotton and sugar imports decreased but still remained at a high level, beef and mutton imports grew slightly, milk powder imports increased substantially, and competitive export products grew relatively quickly overall.
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Overview of China's Agricultural Product Imports and Exports in 2014
Net grain imports up 38% year-on-year, sorghum and barley imports surged. On the basis of net imports remaining at 13 million tons for two consecutive years in 2012 and 2013, net grain imports reached 18.747 million tons in 2014, up 40% year-on-year. According to China's traditional definition and scope of grain, total grain imports in 2014 reached 100 million tons, of which soybean imports were 71.40 million tons, grain imports were 19.52 million tons, and tuber crops (mainly dried cassava) imports were 8.67 million tons. If 5.41 million tons of corn distillers' grains are included in the grain category as corn products, grain imports amounted to 106 million tons.
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New changes in the structure of grain imports deserve attention
Affected by factors such as the inversion of domestic and international prices and demand pull, China's grain (cereal) imports continued to maintain relatively rapid growth in 2014, with imports reaching 19.516 million tons, up 33.8% year on year, and net imports of 18.747 million tons, up 40% year on year. At the same time, the structure of grain imports showed
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Staple grain imports fall while sorghum and barley rise: changes in import structure prompt reflection
Affected by factors such as the inversion of domestic and international prices and demand pull, China's grain (cereal) imports in 2014 continued to maintain rapid growth, with imports reaching 19.516 million tons, up 33.8% year on year, and net imports of 18.747 million tons, up 40% year on year. At the same time, the structure of grain imports showed three
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China's coarse grain and soybean imports to grow by more than 40% over the next decade
By 2024, China's net imports of coarse grains and soybeans may increase by 46% and 40% respectively compared with current levels. The report said that for at least the past decade, China has been a net importer of cotton, soybeans, rapeseed, barley, soybean oil and palm oil. Since 2008/09
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China's soybean imports in January up 17% year-on-year
Monthly statistics released by the General Administration of Customs of China show that in January 2015 China's soybean imports rose to 6.9 million tonnes, higher than 5.9 million tonnes in the same period last year, a year-on-year increase of about 17%. The report shows that in January China imported 28,000 tonnes of soybeans from Brazil, lower than the previous year
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Domestic Agricultural Product Profits Being Eroded, Imported Products Squeeze Market Space
Wan Baorui believes that the simultaneous purchasing and storage alongside imports of major agricultural products has caused excessively high policy costs; against the backdrop of consecutive years of domestic grain output growth and tight warehouse capacity, the surge in imports has further intensified the domestic difficulty of selling grain. Foreign goods entering the market while domestic goods go into storage has been a market paradox that China's bulk agricultural products have been unable to escape in recent years.
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China's grain imports reached 2.35 million tons in February
China imported 2.35 million tons of grain in February. According to the General Administration of Customs, China imported 2.35 million tons of grain and grain flour in February, with cumulative imports of 4.77 million tons in the first two months, up 38.7% year on year; China imported 4.26 million tons of soybeans in February, with cumulative imports of 11.14 million tons in the first two months, up 3.9% year on year; China imported 230,000 tons of edible vegetable oil in February, with cumulative imports of 690,000 tons in the first two months, down 50.9% year on year.
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Sharp increase in grain imports heightens food security concerns
On one hand, grain production has increased for eleven consecutive years; on the other, grain imports have hit a record high. Yesterday, Zhang Hongyu, director of the Department of Rural Economic Management of the Ministry of Agriculture, pointed out at the China Center for International Economic Exchanges' "Economic Monthly Talk" that last year China's imported soybeans and grains accounted for 10
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