News & Updates

Soybean: China’s Imports Drop in March

by | Apr 22, 2022 | Beans, Pulses

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BEIJING, April 20 (Reuters) – China’s soybean production will increase by 25,8 percent in 2022, an official from China’s Ministry of Agriculture said on Wednesday. Tang Ke, director of the Marketing and Information Technology Department of the Ministry of Agriculture and Rural Affairs, said the soybean planting area will expand by 16,7 percent this year. The trade war since 2018 and the COVID-19 outbreak since 2020 have highlighted geopolitical risks and bottlenecks in the global supply chain, prompting China’s policy to shift to increasing domestic oilseed production and reducing import dependence. On December 27, 2012, the National Agriculture and Rural Affairs Bureau Director’s Meeting emphasized that increasing the output of soybeans and other oil crops is a major task that must be completed in 2022.

Current Market Price in China for Chinese Soybean

Product  Name Chinese organic soybean
Type Non-Gmo
Grade A
Moisture 12% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1120-1150/mt
Delivery 20  days after the contract

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