State Grain and material Reserve Bureau: adequate supply of domestic soybeans and adequate supply of imported soybeans

[state Grain and material Reserve Bureau: sufficient supply of domestic soybeans and adequate food sources of imported soybeans]-- Lu Jingbo, deputy director of the State Grain and material Reserve Bureau, said that on the whole, the current situation of China's soybean market can be summarized as "two sufficient, one stable," that is, sufficient supply of domestic soybeans, adequate supply of imported soybeans, and overall stable market purchase and sales. From a domestic point of view, China's soybean output reached a record high in 2022, more than 20 million tons, and there are about 5 million tons of savings after meeting food consumption, and the market supply is fully guaranteed. From the perspective of imports, the relationship between global soybean supply and demand is relatively loose. According to the forecasts of relevant international organizations, the global soybean output in 2022 August 23 is about 370 million tons, a record high; the consumption is 366 million tons, and the balance of production and consumption is more than 3 million tons, which has laid a good foundation for China to make overall use of both international and domestic markets and meet domestic consumption. From the perspective of market purchase and sales, after Qiudou listed, the acquisition work has maintained a steady and fast momentum. At the end of March, the acquisition of soybeans ended during the peak season, and integrated enterprises in the main producing areas bought a total of 4.18 million tons of new beans, an increase of 1.71 million tons over the same period last year. At the same time, the relevant departments launched the acquisition of domestic soybeans in the new season in the main soybean producing areas of Heilongjiang and Inner Mongolia, effectively stabilizing market expectations.