US SOY­BEAN SHIP­MENTS HIT NEWHIGH

China Daily (Canada) - - BUSINESS -

Lifted by the strong do­mes­tic de­mand for feed, ed­i­ble oil and­meat, China will im­port a record quan­tity of soy­bean fromtheUS dur­ing the 201314 mar­ket year (Sept 2013 – Aug 2014).

China, the big­gest in­ter­na­tional buyer ofUS soy­bean, agreed to im­port 27.5 mil­lion met­ric tons of soy­bean fromthe US dur­ing the 2013-14 mar­ket year, up 22 per­cent on a year-on-year ba­sis.

“China’s ris­ing de­mand for soy­beans is mainly driven by a change in people’s di­etary habits. They have shifted from grains to more oil and­meat,” said Zhang Xiaop­ing, di­rec­tor for China at theUS Soy­bean Ex­portCoun­cil.

Soy­beans are widely used in China for cook­ing oil and an­i­mal feed. China’s soy­bean im­ports rose by 10 per­cent to 63.38 mil­lion met­ric tons in 2013 from a year ear­lier, ac­cord­ing to the Gen­eral Ad­min­is­tra­tion of Cus­toms.

“The de­mand for soy­bean­meals, ed­i­ble oil, and soy­bean-based fish and with re­gard to bio-tech­nol­ogy,” he said.

China has re­turned 887,000 tons of US corn ship­ments tainted with a ge­net­i­cally mod­i­fied strain not ap­proved by the Min­istry of Agri­cul­ture since last Oc­to­ber.

These corn ship­ments were found to con­tain the un­ap­proved MIR162, a strain of hog feed will provide­many op­por­tu­ni­ties forUS soy­bean ex­porters. We an­tic­i­pate huge po­ten­tial in these sec­tors,” Zhang said.

AlanKem­per, di­rec­tor of the Amer­i­can Soy­beanAs­so­ci­a­tion, said China has a limited soy­bean-grow­ing ca­pa­bil­ity to meet itsmeat pro­duc­tion de­mand, prompt­ing the coun­try to im­port more soy­beans and corn from the­world mar­ket.

As China’s sta­ple grain pro­duc­tion base has­moved fromsouth to its north­east­ern re­gion, it is dif­fi­cult to in­crease China’s soy­bean out­put within a short pe­riod be­cause farm­ers in the north­east can­not get more land or con­vert rice and corn farm­lands to grow soy­bean. With ris­ing farm­ing equip­ment prices and limited arable land, the cost of rais­ing do­mes­tic out­put has also be­come­higher. in­sect-re­sis­tant trans­genic corn, ac­cord­ing to the­Gen­eral Ad­min­is­tra­tion of Qual­ity Su­per­vi­sion, In­spec­tion and Quar­an­tine. Con­tact the writ­ers at zhong­nan@chi­nadaily.com.cn and zhuwen­qian@chi­nadaily.com.cn

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