MySheen

Soybean imports fell by 3.8% in the first four months, some worried that pork prices would be affected

Published: 2024-11-22 Author: mysheen
Last Updated: 2024/11/22, In fact, soybean imports have little to do with pork prices. China's soybean imports decreased by 3.8% in the first four months. It can be explained that either China's domestic soybean supply is loose, or soybean imports are affected and cannot be imported.

In fact, soybean imports have little to do with pork prices. China's soybean imports decreased by 3.8% in the first four months, which can explain that either China's domestic soybean supply is loose, or soybean imports are affected and cannot import so much. From the perspective of current domestic and international environmental factors, I personally believe that both factors exist.

We should all know that since the autumn harvest in 2017, the price of soybeans in our country has remained around 1.8 yuan per catty. Now the price of soybeans is still around 1.8 yuan per catty. This price is very different from 2.4 yuan per catty in previous years. Bean farmers are reluctant to sell. Moreover, due to the increase in domestic soybean production, domestic soybeans are relatively loose.

On April 4 this year, on the occasion of Qingming Festival, the Ministry of Commerce issued a document imposing a 25% tariff on soybeans originating in the United States. Although the document has not yet been formally implemented, it has already had an impact on soybean imports. It is reported that this year, the US Department of Agriculture statistics show that soybean exports to China decreased by 19.7% over the same period. this is enough to show that sino-us agricultural trade has already received some impact.

As far as the relationship between soybean and pig price is concerned, it is really difficult for the intermediate relationship to affect pig price, let alone pork price. First of all, the decrease in imported soybeans has not had a substantial impact on the current soybean price. Recently, soybean prices have remained relatively stable. Secondly, soybean meal prices have fallen recently. This means that pig feed costs have not increased recently. Third, this year's pig market is seriously surplus, even if the price of soybean meal rises, the price of live pig is difficult to pick up, the impact is to accelerate the elimination of small scattered farmers.

The above is a point of view shared by science and agriculture for you. Welcome to pay attention and bring you long knowledge together.

 
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