BEIJING: As imported soybeans little impacted the price of organic soybeans, the price rose slightly. Soybean prices have been moving intensely since the launch of new products. The cost of soybean raw materials rose from the opening price of US$0.86/kg to more than US$0.94/kg, forming a rarely sustained increase. Soybean prices have been at the highest level in the same period in history.
Exporters predict that demand will exceed supply due to the decrease in soybean imports in 2021, and the next organic soybeans will continue to rise. But rising prices are not conducive to the export market. On the whole, the soybean market is at a high level, and the domestic market is in a good situation, in contrast to the export market. Exporters are concerned about soybean imports and changes in the shipping market.
Current Market Price in China for 2020 CROP soybean
| Product | Organic Soybean |
| Type | NON-GMO |
| Colour | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| FOB Dalian | USD 1210/Mt |