Soybean imports hit record highs and domestic soybeans are in deep trouble.

In recent months, China's soybean imports have repeatedly reached record highs. The high degree of external dependence of soybeans makes the plight of domestic soybeans deeper and deeper.

In the first eight months of this year, China imported a total of 52.39 million tons of soybeans, setting another record for the same period in history, of which soybeans from Brazil accounted for nearly 90 percent, mainly because the exchange rate of the Brazilian real has fallen by 40 percent since the beginning of this year, while the RMB is relatively strong. imported Brazilian soybeans are naturally much cheaper. CIC Zhonggu Futures Analysis points out that at present, the overall distribution price of imported soybeans is about 3140-3160 yuan / ton, compared with the listing price of commodity soybeans in Hubei and other places in August as high as 4100 yuan / ton. The cost of imported soybeans is falling throughout the world. Relatively speaking, this industry has given a relatively good squeeze profit, which is also the driving force for the entire domestic industry to import more soybeans.

Wang Xiaoyu, vice president of the Heilongjiang Soybean Association, pointed out that in the past five years, China's foreign dependence on soybeans has exceeded 80%. At present, the sown area and yield of domestic soybeans are sharply reduced, which directly leads to the increase of soybean dependence in China's oil market year by year.

Minister of Agriculture Han Changfu: from a country of soybean origin to the world's largest importer of soybeans. The growth rate of soybean imports is unexpected and underestimated by many people. Frankly speaking, I have been engaged in agriculture all these years, I knew it would grow, but I didn't expect it to grow so fast.

Industry analysts predict that China's soybean output will be reduced by 10% next year. Song Shengbin, chairman of Heilongjiang Fuling Grain and Oil Co., Ltd., told reporters that due to the upside down of domestic and foreign soybean prices, Heilongjiang soybean processing enterprises are becoming more and more difficult and start work on and off. Imported soybeans themselves have an absolute advantage, from output to price. There is nothing the enterprise can do. If the state does not support it, it will be eliminated naturally.

Experts pointed out that Chinese soybeans are mostly "non-genetically modified" products, which is a prominent advantage when people pay more and more attention to food safety and quality. Supporting the development of local soybeans is still a major issue related to national grain and oil security.