Purchasing Soybean in Northeast China Becomes Difficult

The November issue of China Agriculture Investment Bimonthly Report by CCM International has come out recently. The top news is about soybean purchase problem. It is hard for the soybean processing enterprises to purchase soybean in Northeast China due to the decreasing local planting area.

The planting area of soybean has been reduced year by year, down to 3,667,000 ha. in 2009 from 4,246,000 ha. in 2005. The situation is the same in Northeast China, especially in Heilongjiang Province, which is a key soybean production area in China. The soybean planting area in Heilongjiang Province has been continuously decreasing these years, thus the soybean supply in Northeast China has begun to slip.

As a result, the processing enterprises of soybean are facing many difficulties in purchasing their raw material - soybean and are with the risk of losing market share. Since soybean planting in China doesn’t have much advantage, most farmers choose to plant other crops with higher benefits. If this trend keeps going on, the gap between supply and demand of soybean in Northeast will become more and more apparent in the future.

To solve this crisis, the government should take corresponding measures, such as policies on soybean purchase and temporary store, the stabilization of the price, offering tax preference to soybean enterprises, etc.

More details about soybean purchasing news, please check CCM International’s China Agriculture Investment Bimonthly Report.

Headline News of China Agriculture Investment Bimonthly Report 1111:

-China will become the largest import country of agricultural produces in five to ten years, owing to the development of economy and the unceasing improvement of people's living level in China.

-The pilot of agricultural produces has attracted a large sum of social investment and promoted the income growth of farmers.

-The processing enterprises of soybean in Northeast China have been faced with crisis in soybean purchase owing to the reducing local planting area of soybean.

-China's nitrogen fertilizer industry is to see production structure changes, due to the intense overcapacity and the ever-changing raw material supply.

-Agricultural material logistics is to enjoy a faster development, aided by the policy support and the fast expanding production capacity.

-Legend Holdings views agriculture as a new growth point.

-ZARD continues to expand its seed industry after its stock trade in Shanghai Stock Exchange resumed on Oct. 19, 2011.

-Chinese pesticide industry meets white-hot capital operation, and pesticide enterprises are hurrying to seek ways of survival and development.

-Sinochem Corporation is planning to launch its domestic initial public offering (IPO) recently.

-Tingyi-Asahi Beverage will establish strategic alliance with PepsiCo in the beverage business in China.

-The New Administrative Regulations on Feed and Feed Additive will be implemented on May 1, 2012 in China.

-The development of China's liquor industry will enter into a golden age in the next one or two years.

-China's dairy enterprises are now positively raising funds in this key period for their future development.

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If you are interested in November issue of China Agriculture Investment Bimonthly Report, please do not hesitate to contact us by +86-20-37616606, or email us at econtact@cnchemicals.com.

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