Import volume and price of soybeans at Tianjin Port will increase from January to November 2020
By: Date: 2021-02-28 Categories: industrynews Tags: ,
   According to customs statistics, from January to November 2020, Tianjin Port imported 7.749 million tons of soybeans, an increase of 41.2%over the same period last year (the same below); valued at 21.1 billion yuan Renminbi (the same below), an increase of 41.6%.

  1. Main features of soybean imports at Tianjin Port from January to November 2020

   (1) Imports have increased year-on-year, and prices have risen slightly. Since 2020, the import volume of soybeans at Tianjin Port has been on the rise. Among them, 601,000 tons were imported in November, an increase of 12.2%; the value was 1.72 billion yuan, an increase of 12%; the average import price was 2.9 yuan per kilogram.

   (2) Mainly imported through general trade. From January to November 2020, Tianjin Port imported 6.661 million tons of soybeans through general trade, an increase of 44.8%, accounting for 86%of the total soybean imports at Tianjin Port during the same period. In the same period, 1.087 million tons were imported through bonded logistics, an increase of 22.7%.

  (3) Mainly imported from Brazil and the United States. From January to November 2020, Tianjin Port imported 5.038 million tons of soybeans from Brazil, accounting for 65%of the total imports in the same period, of which 176,000 tons were imported in November, and 2.033 million tons of soybeans were imported from the United States from January to November, accounting for the same period. 26.2%of total imports, of which 354,000 tons were imported in November.

   (4) Foreign-invested enterprises and private enterprises mainly import. From January to November 2020, foreign-invested enterprises at Tianjin Port imported 3.456 million tons of soybeans, an increase of 25.8%, accounting for 44.6%of the total soybean imports at Tianjin Port during the same period. In addition, private enterprises imported 2.693 million tons, an increase of 1.1 times, accounting for 34.8%; state-owned enterprises imported 1.599 million tons, an increase of 11%, accounting for 20.6%.

  Second, the main reason why soybean imports at Tianjin Port show the above characteristics recently

   (1) The increase in the price of imported soybeans has a lot to do with the decrease in stocks. Now Brazil’s stocks are basically digested by our country, and the stocks of US soybeans are also reaching new lows. Affected by the La Niña phenomenon in 2020, South America is generally dry, so the output is not too high. The soybean shortage will continue into 2021, and import prices may remain high during this period.

   (2) The domestic soybean market is in strong demand. Imported soybeans are mainly used for two purposes:refining edible oil and making soybean meal for animal feed. At present, major strategic results have been achieved in the prevention and control of the new crown epidemic in China. Social production and life have gradually returned to normal. Various industries have accelerated the resumption of work and production, especially the rapid recovery of the catering industry, which has driven the demand for edible oil consumption. At the same time, as the domestic pig industry recovers from the African swine fever epidemic in 2018, and government policy support is superimposed, the enthusiasm of breeding companies to make up stocks continues to increase. my country’s feed demand has grown strongly. Soybean meal is the main source of protein meal supply for feed, accounting for my country’s total protein meal. The proportion of soybean meal continues to increase, and the long-term demand for soybean meal is expected to further increase, which will further promote the increase in soybean imports.

   3. Current issues worthy of attention and related suggestions

   (1) The source of imports is excessively concentrated and the degree of dependence on imports is high. The United States, Brazil, and Argentina are the main soybean producing countries and the main source countries of China’s soybean imports, occupying an absolute”monopoly” position in my country’s soybean import trade. Therefore, as long as the Sino-US trade frictions intensify, my country’s imports of US soybeans will be significantly reduced. In order to maintain my country’s soybean supply, it will switch to soybeans from countries such as Brazil. Even if the price of Brazilian soybeans sits on the ground, they have to increase imports of Brazilian soybeans [1].

   (2) Genetically modified soybeans have had a certain impact on traditional soybeans. Genetically modified soybeans have high-quality, high-yield, and multi-resistance characteristics. With their unique advantages, they have a greater impact on the traditional soybean industry. In countries where genetic modification is not regulated, no farmer can resist the attraction of production. Soybeans have become the world’s most genetically modified crop, accounting for half of the world’s genetically modified planting area. At present, 78%of the world’s soybeans have become genetically modified soybeans[2], and my country has become the world’s largest importer of genetically modified soybeans. According to my country’s genetically modified management regulations, imported genetically modified soybeans are only approved for crushing, but it is still unavoidable under the drive of interest. Some have flowed into the food sector. It is understood that the inflow in 2016 was about 2 million tons [3].

   (3) Monopoly of multinational grain merchants, soybean import prices are controlled by others. At present, there are a total of 97 large domestic oil companies, of which 64 are owned or controlled by multinational grain merchants, accounting for 66%of the total equity. The soybean industry in major global soybean producing countries such as the United States and Brazil is mainly controlled by several multinational grain merchants, controlling no less than 70%of the world’s soybean supply, controlling the international soybean futures market, and monopolizing the export of Chinese soybeans. The channel [4], so that the import price of soybeans in my country is everywhere restrained.

  ’s recommendations for this:First, repair China’s soybean industry chain, the government provides technical support, strengthens independent scientific research and innovation capabilities, and cultivates high-quality and high-yield non-GMO beans, encouraging Enterprise investment to gradually realize the mechanization and large-scale production of soybeans, thereby reducing production costs and improving domestic soybean market competitiveness; second, promoting the diversification of the grain and oil market, strengthening policy support for rapeseed oil, peanut oil and other competitive soybean oil products, and encouraging vegetables Planting oil crops such as seed oil and supporting the development of related processing enterprises, promoting the diversification of oil consumption varieties; third, making full use of the “Belt and Road” policy to actively establish regional cooperation organizations in the soybean industry with countries along the route to enhance trade facilitation and enrichment Sources of soybean imports to diversify the risks of soybean imports.

  [1]”The Status Quo, Problems and Countermeasures of my country’s International Soybean Trade”, Quan Haien, Gao Weixin, October 15, 2020< /div>

  [2]”Hidden Concerns about Soybean Imports…”, China Food Net, December 1, 2020

  [3]”The Status Quo, Problems and Countermeasures of my country’s International Soybean Trade”, Quan Haien, Gao Weixin, October 15, 2020< /div>

  [4]”my country’s soybean import trade status and countermeasures”, Chai Li, Fei Xiang, September 30, 2020

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