China is forced to look for alternative suppliers of soybean

According to experts of Oil World, Brazil during November 11-18 exports 700 thousand tons of soybeans, up from 1.9 million MT the previous week. During the period, the country traditionally reduces export shipments of soybeans due to a seasonal reduction of available for exporting parties.

In China, the price of soybeans declined slightly due to reduced demand from processors and by reducing the production of pork, due to the long swine flu epidemic.

After the refusal from the purchase of U.S. soybeans, the Chinese traders are forced to seek alternative suppliers of soy. Intensification of oilseed exports to China from Primorsky region of Russia led to the formation of a long queue of cars with soybeans at the border due to the low bandwidth transmission.

this season, China can export more than 1 million tons of soybeans, whereas in 2017/18 MG the figure was 800 thousand tonnes, in 2016/17 MG – less than 400 thousand tons

a Good harvest of soybeans in Ukraine and changing the rules of the exports led to a surplus of soybeans in the domestic market. The processors can't cope with the abundant sunflower crop, causing prices for soybeans and wheat falling. Soybean exports to China Ukraine to increase, because not timely conducted the certification of products that had to be done in a period of growing maturation of olives.

In November, Chinese importers of Ukrainian sunflower oil continued to reduce prices due to reduced domestic demand for this product and because of high, in their opinion, the bid prices for sunflower meal in Ukraine.