Fall In Ukrainian Soya Bean Prices to Continue Until at Least May

Record Total Soybean Production in China

Mintec Global
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BEIJING: According to the data released by the National Bureau of Statistics, in 2022, the soybean sown area and total output in Heilongjiang province reached a record high, both ranking first in China. The sown area of soybeans was 73.975 million mu, accounting for 48.1% of the national total, exceeding the national target of 6.659 million mu, an increase of 15.659 million mu or 26.9% over the previous year, accounting for 57.1% of the national increase. Soybean output reached 95 billion kg, accounting for 47% of the national total, an increase of 2.35 billion kg, or 32.6%, accounting for 60.3% of the national increase.

Current market price in China for Chinese soybean

Product  NameChinese organic soybean
TypeNon-Gmo
GradeA
Moisture12% max
Package25kg paper bag
Purity99.5%
Loading22mt /20GP
Fob DalianUsd 1020-1050/mt
Delivery20 days after the contract

Import/Export Statistics

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