BEIJING, April 20 (Reuters) – China’s soybean production will increase by 25,8 percent in 2022, an official from China’s Ministry of Agriculture said on Wednesday. Tang Ke, director of the Marketing and Information Technology Department of the Ministry of Agriculture and Rural Affairs, said the soybean planting area will expand by 16,7 percent this year. The trade war since 2018 and the COVID-19 outbreak since 2020 have highlighted geopolitical risks and bottlenecks in the global supply chain, prompting China’s policy to shift to increasing domestic oilseed production and reducing import dependence. On December 27, 2012, the National Agriculture and Rural Affairs Bureau Director’s Meeting emphasized that increasing the output of soybeans and other oil crops is a major task that must be completed in 2022.
Current Market Price in China for Chinese Soybean
| Product Name | Chinese organic soybean |
| Type | Non-Gmo |
| Grade | A |
| Moisture | 12% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1120-1150/mt |
| Delivery | 20 days after the contract |