Trusted Market and Commodities-Trade Intelligence
On 5 Sept., 2016, the GM Seminar for National Media Reports was held in Changchun City, Jilin Province, on which Wan Jianmin, Academician of the Chinese Academy of Engineering and General Engineer of the Major and Special GM Project (the Project), introduced the progress of the project. He revealed that China might realize the industrial production of GM herbicide-resistant soybean and insect-resistant corn in the next five years.
In July 2016, Heilongjiang Province officially initiated its offer of 2015 subsidy for soybean (based on target price). Compared to the criterion set at USD136.2/ha in 2014, the figure went up by 116.3% to USD294.7/ha.
On 5 Aug., 2015, Henan Entry-exit Inspection and Quarantine Bureau (the Bureau) revealed that recently, harmful organism banned from entry, soybean northern stem ulcer germ, was inspected in imported soybean from the US. The volume of the soybean was 63,000 tonnes. This is the first time for Henan to have inspected and intercepted such germ.
According to data released by China Customs recently, in 2014, China totally imported 71.4 million tonnes of soybean, up by 12.7% year on year, which is also a historic high.Analysts say that with the recovering of husbandry and breeding industries in 2015, the demand for feeds will go up further. Due to increasing import volume of soybean, the production cost will go down.