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Organic Soybeans: Hit by imported soybeans

by | Aug 6, 2021 | Beans, Organic Food, Pulses

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HEI LONG JIANG: In Heilongjiang Province, 88,000 tons of soybeans were put on the market at the end of July, which increased the pressure on the source of soybeans in the production area. Coupled with the impact of low-priced imported soybeans, the weak soybean market has intensified.

At present, the main factor supporting the soybean market is still the acquisition of the State Reserve. It is expected that soybean prices may not continue to rise before downstream demand resumes. According to data released by the General Administration of Customs, China imported 10.72 million tons of soybeans in June 2021, a year-on-year decrease of 440,000 tons, a decrease of 3.9%; from January to June, a total of 48.95 million tons of soybeans were imported, an increase of 3.91 million tons, an increase of 8.7%. . Exporters predict that imported soybeans will impact domestic organic soybeans. Prices will remain stable in the short term.

Current Market Price in China for soybean More offers for beans

Product  Organic Soybean
Type  NON-GMO
Colour  Yellow
Purity  99.5 % Min
NON GMO
Package  25kg  Paper Bag
Loading  22Tons / 20GP
FOB Dalian USD 1060/Mt

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