The entire soybean industry still faced overall losses in October

In the 2013/2014 year, there were 17 enterprises (groups) that imported more than 1 million tons of soybeans, with total imports of 54.86 million tons, accounting for 78% of total imports.

Among them, Chenxi Group had the largest soybean imports at 9.2 million tons, accounting for 13.1% of total imports; followed by Jiusan Group, with imports of 8.13 million tons, accounting for 11.5% of total imports.

The enterprises (groups) ranked third to fifth were Yihai Group, COFCO Group and Shandong Bohai, with imports of 5.45, 4.96 and 4.47 million tons respectively, accounting for 7.7, 7.1 and 6.3% of total imports respectively.

In October 2014, the entire imported soybean crushing industry remained in a loss-making state, with estimated losses from imported soybean crushing approaching 1.8 billion yuan, among which the losses of COFCO Group, Jiusan Group and Yihai Group all exceeded 200 million yuan; the losses of Shandong Bohai, Cargill of the United States and Shengquan Oils and Fats were between 100 million and 200 million yuan.