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BEIJING: In August, the after-tax price of imported soybeans in Shandong was 2.30 yuan per catty, down 2.8% month-on-month, 0.22 US dollars per kilogram lower than the local domestic soybeans, and the spread was 0.024 US dollars higher than last month. The FOB price of US soybeans is US$0.55/kg, which is 0.21 US$/kg lower than the imported price of domestic soybeans in Shandong.

Cumulatively from January to July, soybean imports increased by 4.5% year on year. According to customs statistics, in July, my country imported 8.674 million tons of soybeans, a decrease of 19.1% month-on-month and 14.0% year-on-year; imports amounted to US$4.995 billion, a month-on-month decrease of 17.9%, and a year on year increase of 31.9%.

From January to July, my country imported 57,625,300 tons of soybeans, a year-on-year increase of 4.5%; affected by the rise in the cost of imported soybeans; imports amounted to US$30.421 billion, a year-on-year increase of 42.0%.

Current Market Price in China for Chinese soybean

Product Name Chinese soybean
Type Non-Gmo
Grade A
Moisture 12% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1050/mt
Delivery 20 days after the contract

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