Soybean imports to be restricted (4)

08:34, April 01, 2010      

Email | Print | Subscribe | Comments | Forum 

Zhang Xiaoping, vice representative of the American Soybean Association Beijing Office, told the Global Times that if the Chinese government imposes restrictions on soybean imports it could damage the interest of US soybean farmers and the whole soybean industry in China in the long term.

Si Wei, an associate professor at the College of Economic and Management at China Agricultural University, told the Global Times that it is impossible for the Chinese government to impose direct restrictions on soybean importss as it is against WTO rules. But the quality issue is another matter.

The government is facing a dilemma as to whether to protect Chinese soybean farmers or continue to import large quantities of GM soybeans from abroad, he said.

"Currently, China has to import soybeans because its own production can't meet the demand. But the bottom line is how much China should import," he said.

China should have a clear policy plan and goal on what self-sufficiency rate of soybean China should maintain so that the soybean market won't spiral out of control, he added.

As well as imports, China's domestic soybean oil manufacturing is also largely under the control of international oil giants. About 75 percent of the total market share has been controlled by US-based Archer Daniels Midland (ADM), Cargill, Holland-based Bunge, and France-based Louis Dreyfus since 2004.

The State Council is expected to release a guideline for the oil industry in the first half of this year. Under the guideline, 60 percent of edible oil must be self-made by 2020, Economic Observer News reported Friday.

Source:Global Times
【1】 【2】 【3】 【4】

(Editor:赵晨雁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • The World Media Summit Presidium Meeting is held in Beijing, capital of China, Sept. 27, 2011. Leaders or representatives of 11 world mainstream media attended the meeting opening on Tuesday. (Xinhua/Li Tao)
  • The World Media Summit Presidium Meeting is held in Beijing, capital of China, Sept. 27, 2011. Leaders or representatives of 11 world mainstream media attended the meeting opening on Tuesday. (Xinhua/Li Tao)
  • Boeing employees view a 787 Dreamliner scheduled for delivery to All Nippon Airways (ANA) of Japan during a delivery ceremony at Paine Field in Everett, Washington September 26, 2011. (Xinhua/AFP Photo)
  • A visitor watches a portrait of Emperor Kangxi in the Louvre Museum in Paris, capital of France, on Sept. 26, 2011. About 130 artifacts from the Forbidden City, China's ancient imperial palace museum, started to greet the French public in the Louvre Museum on Monday in an exhibition that will run until Jan. 9, 2012. (Xinhua/Gao Jing)
  • A model presents a creation of the Italian fashion brand Normaluisa during the Milan Fashion Week Women's Wear Spring/Summer 2012 in Milan, northern Italy, Sept. 26, 2011. (Xinhua/Wang Qingqin)
  • Guests are seen at the site of opening ceremony of the 2011 Beijing Design Week and the first Beijing International Design Triennial held at China Millennium Monument in Beijing, capital of China, Sept. 26, 2011. During the Beijing Design Week from Sept. 26 to Oct. 3, more than 130 activities will be launched, including more than 30 international events and over 90 Chinese exhibitions. (Xinhua/Luo Xiaoguang)
Hot Forum Discussion