China will increase US soybean imports

0 Comment(s)Print E-mail China Daily, June 23, 2011
Adjust font size:

Workers unload imported soybeans at a harbor in China. The country imported a record 54.8 million tons of soybeans in 2010, compared with 15.2 million tons of domestic production, General Administration of Customs data showed. [China Daily]

Workers unload imported soybeans at a harbor in China. The country imported a record 54.8 million tons of soybeans in 2010, compared with 15.2 million tons of domestic production, General Administration of Customs data showed. [China Daily]

China's soybean imports are expected to rise by 5 percent more than last year, increasing the attraction of the country to US soybean farmers, said Alan Kemper, president of the American Soybean Association.

The increase in the soybean trade may help promote China-US relationships, indicating a way to balance bilateral trade, Chinese experts said.

"China is the most important market for US soybeans, and the soybean trade will play a large role in improving the balance of China-US trade," Kemper said.

China is the largest importer of US soybeans. It imported a quarter of the country's domestic production last year, according to the association.

Zhang Monan, a researcher at the Economic Forecast Department of the State Information Center, said soybean trade between the two countries will help maintain a stable development in bilateral relations.

The US has heavily subsidized its agricultural sector, so it is important for the country to ensure profit margins in the global food market, Zhang said.

Given constraints over land and water resources, it is difficult for China to meet growing demand for agricultural products such as soybeans domestically. It can buy agricultural products with its bulky foreign reserves, she added.

If imports are to increase, it is not because of a decline in domestic production but because of growing demand, said Liu Denggao, vice-president of the China Soybean Industry Association.

"The size of the area where China's soybeans are grown remains largely unchanged from last year," Liu said.

Even with the fresh demand in China's market, the competition is growing fiercer in the international market, as imports from South American countries such as Brazil and Argentina have also increased in recent years.

To consolidate its position, the US soybean industry will invest more than $2 million this year in China's market, Kemper said.

The investment will finance programs teaching Chinese farmers efficient ways of using soybeans to improve the production of swine, poultry, dairy and other agricultural sectors, according to the association.

"These programs have been carried out for the last 30 years since we arrived in China," said Marc Curtis, chairman of the United Soybean Board. "We will continue our efforts to serve China's market."

China imported a historic 54.8 million tons of soybeans in 2010, compared with 15.2 million tons of domestic production, General Administration of Customs data showed. The country's self-sufficiency rate currently stands at 22 percent.

The imported soybeans are all genetically modified and mainly used as animal feed or for oil crushing.

Imports of soybeans to China declined by 1 percent year-on-year to 4.56 million tons in May. China's soybean imports during the first five months of this year remain largely the same compared with the same period last year.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 99人中文字幕亚洲区| 亚洲综合在线成人一区| 97在线观看视频| 日韩中文字幕在线视频| 免费AV一区二区三区无码| 免费v片在线观看视频网站| 婷婷亚洲综合一区二区| 乱子伦xxxx| 男人黄女人色视频在线观看| 国产性色视频在线高清| 99热在线获取最新地址| 日本亚洲色大成网站www久久| 亚洲精品国产情侣av在线| 色狠狠狠狠综合影视| 国产精品嫩草影院线路| 一级特黄录像视频免费| 最新孕妇孕交视频| 亚洲网站在线看| 色一情一乱一伦一区二区三区 | 亚洲国产精品毛片AV不卡在线 | 国内精品久久久久久久影视| 丰满多毛的大隂户毛茸茸| 欧美人和黑人牲交网站上线 | 性一交一乱一伦一| 久久综合九色综合欧美狠狠| 波多野结衣医生| 啊轻点灬大ji巴太粗太长h| 日本h在线精品免费观看| 天天综合网网欲色| 久久er这里只有精品| 欧美中文在线视频| 人妻少妇精品中文字幕AV蜜桃| 色综合欧美在线视频区| 国产精品冒白浆免费视频| 一区二区三区免费视频网站| 日本边添边摸边做边爱的视频| 亚洲日韩乱码久久久久久| 精品久久久久久久久中文字幕| 国产午夜福利片| 天堂资源中文在线| 天堂网www资源在线|