Translation

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ICE Canola futures dropped because of China's ban on imports of ****seed with a black shank
Author: Anonymous Source: Wen-hua Finance Hits: 3 ¸üÐÂʱ¼ä£º2009-10-23 8:43:00 Update Time :2009-10-23 8:43:00

¡£ According to Winnipeg October 22 message, ICE Canada Canola futures dropped 4 percent Thursday, as China said on November 15 may not be imported after the toxic virus - black shank of ****seed.

Canola Council of Canada, said the Chinese authorities had formally informed the Canadian and Australian exports to China's ****seed will not be allowed with the black shank.

In 2008, China became the number one importer of Canadian ****seed.

One trader said, "This is today's headlines, almost to make the demand on the market disappeared."
One trader said the market was completely digested China's decision Friday prices should rebound, but the other traders decided the future is uncertain.

The market by sales, low prices to attract funds bought 1,000 contracts.

November ****seed contract fell 16.10 Canadian dollars, to 383.60 Canadian dollars per tonne, 4,552 traded hands.

4.95%¡£ 4.03% for this year's second-largest decline after the July 6 fell 4.95%.

¡£ In recent months, the contract fell to 14, 40-day and 50 day moving average below the market's technical weakness.

13,539ÊÖ¡£ January ****seed contract fell 14.50 Canadian dollars, to close at 391.50 Canadian dollars per tonne, 13,539 traded hands.

November / January spread trading 3,675 contracts in hand, between 6.10-8 Canadian dollars, 1 month contract premium.

CBOT 11 Yue soybeans closed down 3 cents per bushel 10.05-1 / 2.

11:25 pm CDT (1825 GMT), the Canadian dollar against the U.S. dollar reported 1.0477 Canadian dollars, or 95.45 cents, slightly lower than Wednesday's close of 1.0460 Canadian dollars, or 95.60 cents.

NYMEX crude oil futures fell 33 cents to 81.92 U.S. dollars a barrel.

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National **** Experts: Global warming-induced high frequency of **** black shank
Dispatches Time :2008-9-16 17:21:52 Read: 871z yI want Received

Recently, the state industrial system ****seed black shank seminar held in the Han Dynasty, national **** experts reached a consensus: global warming caused frequent **** black shank, China should take precautions to strengthen the prediction and prevention.
**** black shank disease is caused by the fungus Phoma destructive diseases, global warming climate, it is in Europe, America, Australia, spread, causing enormous losses. As international trade, seed exchanges are frequent, while **** growing areas of China's climate and in Europe, America, Australia and three continents, similar to the disease is likely to sneak into our country in the near future.

Black shank to prevent the **** epidemic in China, China and the United Kingdom, Canada, Poland, Australia and other countries to carry out multi-year collaborative research, is to achieve substantive results. Studies have shown that our country in the next few years, the failure to take measures, the disease will be endemic in our country, only loss of the Yangtze River basin will be a year of ****seed more than 12 billion yuan, while rich in cruciferous vegetables pose a major threat to wild plants.

Study suggested that black shank control strategy is to carry out short-term risk assessment, as soon as possible of the disease as a national import quarantine objects, the implementation of stringent import seed and plant quarantine, and to take measures to establish monitoring networks.And long-term prevention strategy is the identification and selection of oilseed **** in China and related cruciferous plants resistant to resources to carry out disease-resistant varieties to cultivate.

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Agriculturall kCanadian ****seed domestic buyers cancel orders, because the Government has banned the import of plants with disease
Strong property market, the U.S. bond market data, a record supply of new debt and interest rate concerns pushed the public debt pressure
By industrial enterprises in the U.S. stock market weakness dragged down the performance of the transport stocks fall
Pounds New York trading, dragged down by the British GDP data significantly weakening the dollar stronger
The sources said the cancellation of at least two boat buyers ****seed in Canada

China, said buyers can not order new ****seed

Message boost domestic ****seed futures up 2%


Reuters, Beijing, October 23 - --- Friday, industry sources said that the Chinese buyers canceled at least two ships in November and December shipments of Canadian ****seed, worried that the Government would be a result of crop containing black shank to detain such goods.


Canada is the world's largest ****seed exporter, last year China is its top buyer, imported a total of 2.8 million tons, the annual purchasing volume of the same.


The Chinese government said that after the November 15 ****seed imports from Canada to produce a black shank does not contain proof of this. Ranging for processing ****seed oil and ****seed meal improved, but not including the planting of the seeds used.


" The bit source on condition of anonymity, said, "Some buyers last week, recognized the above problem, and the elimination of two cargo ships."


Intercontinental Exchange (ICE), Canada November canola futures RSX9 tumbled 4 percent Thursday, traders said that is subject to the relevant information posed a drag.


Black shank can reduce crop yields or lead to death. JoAnne Buth, president of the Canadian Canola Association, said in an interview that although the disease is common in Canada, ****seed, but around the world, including in China also has emerged, so should not have this requirement.


Buth said, "should not be used as processing plants have such stringent requirements, it seems unreasonable."


Domestic an international traders said it may cancel more orders, the Chinese buyers have ordered more than 100 million tons of new Canadian ****seed. Continued

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Recently, a researcher at the national oil ****seed by LIU Sheng-yi industrial plant protection technology system training-cum-international conference on black shank, said foreign **** "killer" „Ÿ „Ÿ black shank may be invasive and serious harm to China's industrial development of China's ****seed.
Plant Pathology Previously, the international authority of the publication "Plant Pathology" (Plant Pathology) has published the results of the study and caused international concern.


**** black shank disease is caused by the fungus Phoma destructive diseases, has been caused by Europe, the Americas and Australia, ****seed severe cuts.
It is learned that in Canada, even if the adopted strict control measures, the disease each year in the country's ****seed resulted in more than 300 million U.S. dollars loss.


In order to prevent and control black shank occurred in China in popularity, oil experts from the United Kingdom, Canada, Poland, Australia, scientists have carried out a multi-year cooperative research.

B Stage results show that, due to international trade, seed exchanges are frequent, while China is extremely susceptible varieties of ****seed, canola-producing areas of the climate and three continents, similar to the epidemic areas, but also have the disease occurred in cultivation system, it is of this disease on the Chinese ****seed production is a huge potential threat.

If no measures are taken in the next few years, a devastating disease that may be popular in China and result in the Yangtze River Basin of ****seed up to more than 200 million tons a year of losses, and will also threaten the diversity of wild plants in China cruciferous.


To this end, LIU Sheng-yi researchers suggested that the recent risk assessment should be undertaken as soon as possible of the disease as a national import quarantine objects, the implementation of stringent import seed and plant quarantine; active in training and advocacy to raise awareness of the infected species, and to take measures to establish a monitoring network, the implementation of the investigation and monitoring.

Medium and long term control strategies is the identification and screening of **** and other cruciferous plants, resistance resources, to cultivate disease-resistant varieties.

(China Academy of Agricultural Sciences feed)

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Commodities atmosphere warming, soybean oil's gains can be expected
2009-10-23 Author: Yang Wenjie 2009-10-23 7:57:49 Hits: 38

By the end of September, I expect, with the fourth quarter and next year a quarter of the advent of peak consumption, soybean oil fundamentals are gradually warmed to stocks of soybean oil prices will lead to a good medium-term; but the overall commodity market rally to start the callback makes the point in time soybean oil After the shift, is expected to be in late October or November.

Markets are always changing, soybean oil rebound after the holiday to the unexpected.

As of October 22, in May contract losed at 7190, by the end of September from a low of 6732, rebounded nearly 500 yuan, nearly half of the decline in the early recovery.

In the meantime, the U.S. dollar Diego record low, crude oil continuously higher, the Dow break 10000 points, A shares bottomed, commodity market as a whole atmosphere of warming, for a rebound in soybean oil has created a favorable external environment.

This will be the following elements of the four-quarter trend of soybean oil to do a brief analysis.

Policy factor

Since the second half of 2009, trade protectionism is on the rise, countries have taken measures to protect its own trade in international trade without comparative advantage industries.

B September 11, the U.S. government approved Obama launched special safeguard measures, originating in China's automobile tires, in the original 4%, based on the levy in the next three years is 35%, 30% and 25% of the additional tariffs, entered into force on September 26.

Trade dispute intensified.

Variety of domestic and international commodity futures markets has been associated with a higher degree, largely because these species have a high external dependence.

Of soybean, for example, in 2008 China's soybean demand is 51.34 million tons, of which imports amounted to 41.04 million tons, import dependence close to 80%.

The domestic price of soybeans has no city dilemma, oil crushing industry security is threatened, this was not unrelated.

B In this context, the relevant types of trade policy orientation of the market focus on right now.


According to JCI News October 22, China has officially notified the parties concerned, Canada and other countries, after the November 15 to China's ****seed imports not contain toxic virus - black shank.

Imports of ****seed also asked companies must have a certificate issued by the exporting country the government does not contain this virus file before importing.

B According to analysis, black shank disease in Canada, ****seed is difficult to effectively remove, this also means that China will be almost completely banned the import of Canadian canola.

Although the authenticity of this message to be confirmed, but once implemented, compared to the weak oil market, has brought strong support, resulting in soybean oil prices supported by strong consumption, high season.


Conclusion: In view of the security of oil oil industry received increasing attention, the state has adopted policies smoothly songjang thing.

Oil trade policy orientation will become a new bright spot oil market.


2009/2010
2009/2010 crop year soybean yield



Soybeans for soybean oil upstream raw materials, the impact its production has been an important factor in soybean oil price movements.

Now, with the main growing areas of soybean harvest, with the new crop year soybean production beginning to emerge.



According to the National Grain and Oils Information Center, "issued by China's major grain and oil crop production forecast report in October," 2009/2010 crop year, China's soybean acreage is 880 million hectares, compared with 2008, 9.13 million hectares a reduction of 33 million hectares, down 3.6% year on year; soybean production was estimated at 14.5 million tons, up cut 1.045 million tons, a reduction of about 6.7%.



With the September estimate of the data compared to October's forecast data and no further reduction in new crop year to maintain China's soybean production is estimated at 1450 million tons.




According to the USDA's October supply and demand report shows that China's soybean production in 2009/2010 was estimated at 14.5 million tons, compared with supply and demand report in September was revised down 500,000 tons; imported 39.5 million tons, compared with supply and demand report in September raised 100,000 t; ending stocks of 814 million tons, in August raised 550,000 tons of supply and demand report.




According to the USDA's October supply and demand report, the U.S. soybean production in 2009/2010 was estimated at 3.25 billion bushels, compared with September, raised 45 million bushels; ending inventory correction of 2.3 billion bushels, raised 10 million bushels (see the Table III).
The reason was mainly due to the level of yields from 42.3 bushels / acre is raised to the level of 42.4 bushels / acre.



According to the USDA's October supply and demand report, the U.S. soybean stocks 2009/2010 spend more than 7%, higher than the 2008 estimate increased by 3 percentage points; China's soybean stocks spend more than 15%, higher than the 2008 estimate of value will go down a percentage points; global soybean stocks spend more than 23%, higher than the 2008 estimate of 4 percent raise.



Conclusion: At present, in the northern hemisphere has entered the harvest of soybean and soybean production become increasingly clear that, gradually dilute the impact of soybean oil; taking into account the overall tight soybean supplies the structure, I expect the impact of this factor is neutral on the high side of soya bean oil.


Oil inventory levels



Inventory is a supply and demand of the wind vane oil, soybean oil prices to their extremely sensitive period.



As a whole in 2009, soybean meal and oil plant squeeze on profits, the contribution rate has been in a dominant position.

As of mid-October, the Northeast spot squeezing profit to 134.5 yuan, at a normal level, which squeeze profits for soybean meal cash contribution rate of 70.61% (historical range: 54% -72%), soybean oil spot on the exploitation of profit contribution rate of 29.38% (historical range: 27% - 48%).

Ting meal to ensure the exploitation of oil plant strategy to make fat profits of the business has been at a relatively high inventory levels, making soybean oil prices were relatively weak.

2.08-3.83jB As of October 22, soybean oil and soybean meal in May for the May ratio of 2.53, at a historic low (historical range :2.08-3.83).

As of October 22, Dalian Commodity Exchange soybean oil stocks at 110.7 thousand tons, at a high level during the year.


Recently, temporary storage of soybean news direct subsidy is confirmed in the northeast region has now entered the implementation stage.

After signing the purchase and sale contract, the enterprise may, within 4 months from the temporary storage depots for a total purchase soybeans for crushing the country at the same time receive 210 yuan / ton of financial subsidies.

The 2008/2009 annual interim reserves put at about 1.95 million tons of soybean, will bring to market the supply of 321.7 thousand tons of soybean oil.

5 million tons, taking into account the flow of temporary storage of soybean has long been of concern to the market, I expect this news on the soybean oil market, the impact is relatively limited.


“¯
Meanwhile, with the consumption of soybean meal into the off-season, oil plant capacity utilization rates significantly reduced the level of soybean oil in commercial inventories will show a trend of slow decline.

The downstream demand side, gradually fading out as the palm oil market, soybean oil has become the main consumer, to stock-based soybean oil prices will lead to a good medium-term.



Conclusion: The soybean oil stocks are high in soybean oil in the beans, the crux of the relatively weak performance, it has been in the market performance; soybean oil has become the main oil market consumption to stock-based soybean oil prices will lead to a good medium-term.



To sum up, with the fourth quarter and next year a quarter of the advent of peak consumption, soybean oil fundamentals are gradually warmed to stocks of soybean oil prices will lead to a good medium-term.

Investors are advised to bargain-hunting buying strategy that could be taken, goals may be temporarily high to see to the 8000 line.

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Today, Chinese authorities announced that imports from Canada and the United States ****seed must have the Chinese government issued without proof of black shank, declaring ****seed imports from Canada have been almost completely closed the door.

According to the author learned that China's imports of ****seed almost entirely from Canada (the proportion of 98% or so), while ****seed imports total 100 million tons, while domestic ****seed total 1100 million tons, so this completely cut off sources of imports for the domestic market, the impact can not be belittled.

Today, Zhengzhou vegetable oil market attracted more than 40% of the capital injection, led by oil type varieties, a strong clear that even the short term due to rising too fast triggered callback order, but the pattern of the strong side of the medium-term will not be easily changed, it is recommended do more than is appropriate, or may also be considering the purchase of palm oil, vegetable oil and other related species thrown

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The origin of Canada's canola is difficult to effectively remove this virus, so this is almost equivalent to China will be almost complete ban on imports of Canadian canola.

The implementation of this initiative will help ease the import of vegetable seeds for the Chinese market and the impact of the ****seed oil market good.

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"China will ban imports of Canadian ****seed containing Phytophthora virus" message to make a strong domestic oil up, this is almost equivalent to China's ban on imports of Canadian canola, thus easing pressure on the domestic oil market, so as to bring direct good fats.

October 23, the domestic part of the port distribution of soybean imports prices.

Among them, Liaoning, Dalian Port reported that 3850 yuan / ton, up up by 50 yuan / ton; Tianjin Port 3850 yuan / ton, up up by 50 yuan / ton; right to some extent in soybean meal prices are also supported.



Even today, the main meal M1005 contract opened higher today, high walk-day volatility on the strong side, the closing session to close at 2876, according to the previous day settlement price was up 25 points, Japan Masukura negative 37114.

Driven up by the related species, soybean meal and today's strong performance, in the sudden policy, under the influence of beans is expected to short-term shock strength is expected to be in a small amount of long on short-term.

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Vegetable oil led the gains, the overall rise in oil
2009-10-23 16:16

Today's news, China was formally informed the Canadian the United States, after the November 15 to China's ****seed imports not contain black shank.

Meanwhile, the demand of imports of ****seed enterprise must have a certificate issued by the exporting country the government does not contain this virus file imports visitors.

Canada's ****seed origin is difficult to effectively remove the virus, so this is almost equivalent to China will be almost complete ban on imports of Canadian canola.

October 14 Wednesday morning, the U.S. Oilseed Processors Association (NOPA) released in September soybean crush data.

Month, the U.S. soybean crush for 107 million bushels, down 112 million bushels, below last year's 120 million bushels; month, the U.S. junior oil plant soybean oil stocks at 2.26 billion pounds.

Recently, the Development and Reform Commission issued "on promoting the healthy development of soybean processing industry guidance" to require major soybean producing areas and coastal zones from the soybean processing to ensure national food security strategy and overall interests, do a good job of soybean processing industry in this region Development Plan, to avoid disorderly competition.

Will not be allowed new construction and expansion of soybean oil processing project.

October 19, held a press conference once again to introduce the curb overcapacity in some industries and redundant construction, and guide the healthy development of industry, the situation.

Latest news General Administration of Customs, China's September edible oil imports of 97 million tons from January to September total edible vegetable oil imports were 6.13 million tons, compared with 2008's 5.59 million tons over the same period increased 9.7%.

Meanwhile, the Commerce Department released information on the second half of September, the actual shipment of imports of soybean oil current 29.8 thousand tons this month, the actual shipping 95.6 thousand tons of imports, next month's forecast of imports shipped 31.4 thousand tons.

Current practice to Hong Kong 88.3 thousand tons, the next period forecast of 100.1 thousand tons to Hong Kong this month, actually 183.8 thousand tons to Hong Kong, Hong Kong next month forecast of 140.9 thousand tons.


National Grain and Oils Information Center recently released indices of agricultural demand trends report showed that China's soybean demand trend index was 49.2 compared with 47.5 pairs of pre-holiday week index increased by 1.7, up from 44.2 last year the demand index, continue to be at the neutral 50 level of demand below.

Day after Mid-Autumn Festival holiday, domestic soybean oil period, spot prices rose across the board, coupled with domestic manufacturers generally had less soybean oil stocks, soybean oil showed a marked increase in the demand trend.

Survey participants felt that entering the country after the October of cooler weather, palm oil will be reduced consumer demand, soybean oil demand is expected to continue increasing trend.


It is headquartered in Hamburg, Germany industry journal "Oil World" said the 2008/09 year (October to September next year) Indian palm oil imports reached 690 million tons.

Compared with the previous year of 500 million tons of 38%. 2008/09

India's 2008/09 soybean imports to 110 million tons, is also higher than the previous year to 75.5 million tons.

Sunflower oil imports of 58.3 million tons last year to 2.1 million tons.

****seed oil imports of 4.2 million tons last year to zero.


Operation Strategy:


Oil fundamentals to improve the situation is not yet comprehensive, but is expected to continue to support their prices continue to rise.

Judging from the current crude oil, Dow Jones, Shanghai and other trends point of view, the overall pattern is rising gradually.


Because China's ****seed imports were mainly from Canada, by the news today, the impact of ****seed, vegetable oil rose more than 3%, although this message has seized on the issue of the composition, but the development of a fuse Quotes, vegetable oil grease plate to lead the whole stronger.

Today, strong, can be homeopathic Opening, multi-single-continue to hold.

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China will be held November 15 in the future from Canada and other countries ban imports of ****seed containing black shank

At 09:41 on October 23, 2009

[AP] China oil from the network was informed that November 15, China, Canada and other countries ban imports of ****seed containing black shank; analysts said the move helped the formation of the domestic oil market, the domestic ****seed and vegetable oil prices are expected to maintain a high level.

Integrated Media October 23 news, October 22, from the Chinese oil network was informed that the November 15, China, Canada and other countries ban imports of ****seed containing black shank. It is reported that this move is almost equivalent to China's ban on imports of Canadian canola. Analysts believe that the state has adopted this policy is intended to control the import market or to gradually ease the domestic oil market pressures.

According to China Oil news report, 22, Chinese authorities have officially informed the Canadian and other countries, in the November 15 after the ****seed exports to China should not contain toxic virus - black shank. Meanwhile, the demand of imports of ****seed enterprise must have a certificate issued by the exporting country the government does not contain this virus file before importing. This message China oil network has been confirmed through Zhangjiagang Port.

It is reported that Canada's ****seed origin is difficult to effectively eliminate the black shank of this virus, even if the Canadian authorities have taken strict control measures, the disease each year in the country's ****seed resulted in more than 300 million U.S. dollars loss. Therefore, the constraint is almost equivalent to that China will ban imports of Canadian canola.

"Chinese Oil Network" editor in chief, said Kuo Ching-Po, from the market to monitor the circumstances, and 9 to October Chinese factory and have been gradually transferred to the acquisition of domestic oil markets fall, a smaller volume of imports of ****seed, it is expected that the impact of measures on the domestic market is not Great. But he warns that the current domestic oil market bullish frequent Before this there was suggested that to raise import tariffs on soybeans and other oilseeds, the country would very likely the true intention is to gradually control the import market to alleviate the domestic oil market pressures.

As early as April 24, 2009, the Ministry of Commerce has issued "soybean, ****seed imports of early-warning communication," is expected in April of ****seed imports more than 270 thousand tons, an increase of more than 1.8 times; first four months of total imports of about 900,000 tons, an increase of nearly 1.2 times, the highest volume of imports. The Ministry of Commerce to remind the relevant enterprises to increase imports of risk prevention, appropriately adjust the pace of imports.

October 21, the Ministry of Agriculture recently released "in September oil cooking oil market monitoring information" shows that 1 to 8 months, China imported a total of 3,214 million tons of edible oil seeds, up by 26.9%, of which 2.2 million tons of ****seed, an increase of 2.6 times, of which 97.3% from Canada. Meanwhile, in September, the international oil and edible oil prices fell again, the Canadian ****seed CNF price (FOB price shipping) 453 U.S. dollars / ton, the chain fell 7.0% year on year drop of 17.9%.

On the other hand, the Government has actively introduced to support the domestic oil processing enterprise. June 17, China issued by the Ministry of Finance and other departments, "the domestic oil processing enterprises purchasing and processing of ****seed in 2009 of domestic subsidies, management practices," said that in order to mobilize the enthusiasm of domestic oil processing enterprises, the central government according to their actual purchase amount of ****seed, according to 0.10 yuan / jin, standards, providing a one-time fixed cost of subsidies.

According to China Oil Web was informed that the Canadian Canola Council said it had formally informed the Chinese authorities in Canada and Australia, exports to China's ****seed will not be allowed with the black shank.

Related Information: China Oil Web monitoring data show, 2009 1 Zhi August China imported a total of approximately 2.14 million tons of ****seed in Canada, accounting for 97% of total imports, compared with growth of 256% over the same period in 2008. According to market monitoring point of view, 9 to 10 month

Comments This article reviews other topics relevant information to launch Wealth Forum Please enter the country code acquisition of domestic oil refinery are being progressively transferred to the autumn of oil markets, a smaller volume of imports of ****seed is expected to less affected. But the market risk remains cautious, after all, the domestic oil market bullish frequent.

The industry believes that this may be the government hopes to strengthen the beginning of imported fuel oil, after all, the current downturn in the domestic market to the government policy of temporary storage has brought greater financial pressure and storage capacity problem.

Analysts pointed out that from November 15, China, Canada and other countries ban imports of ****seed containing black shank. The sub-national ****seed promulgation of a policy to restrict imports on the domestic oil market to develop boost, coupled with the support of domestic purchasing and storage policies, domestic prices of oilseeds and vegetable oil are expected to maintain a high level.

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The high cost of domestic ****seed, which is still a loss of squeezing profits, showing that imports of ****seed obvious advantages, its low-priced vegetable oil is still on the domestic market caused by a larger impact.
Therefore, to promote early implementation of the policy has always been a quiet low-key posture vegetable oil change dramatically soared.

In addition, from fundamental point of view, the State Reserve policy has been demonstrated to promote oil refinery strong enthusiasm, but also to make the processing ****seed concentrate, so that a large supply of ****seed meal, but since the late autumn of aquaculture has been entered with the bottom, Demand will continue to shrink, resulting in a serious dregs inventory backlog is currently at 1750 yuan / ton of ****seed meal deal have been sluggish performance, which are quite strong oil plant oil meal abandoned the strategy, fundamentals stronger in the soybean oil and palm oil to make vegetable oil futures strengthened.

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Yesterday, the "Daily Economic News" reporter learned from China Oil Web, November 15, my own country from Canada and other countries ban imports of ****seed containing black shank.

It is understood that this move is almost equivalent to China's ban on imports of Canadian canola.

Analysts believe that the state has adopted this policy is intended to control the import market or to gradually ease the domestic oil market pressures.


According to China Oil news report yesterday, the Chinese authorities have officially informed the Canadian and other countries, in the November 15 after the ****seed exports to China should not contain toxic virus - black shank.

Meanwhile, the demand of imports of ****seed enterprise must have a certificate issued by the exporting country the government does not contain this virus file before importing.


It is reported that Canada's ****seed origin is difficult to effectively eliminate the black shank of this virus, even if the Canadian authorities have taken strict control measures, the disease each year in the country's ****seed resulted in more than 300 million U.S. dollars loss.

Therefore, the constraint is almost equivalent to that China will ban imports of Canadian canola.

"Chinese Oil Network" Kuo Ching-editor Paul told our reporter to monitor the situation from the market point of view, 9 ~ October acquisition of China's oil refinery have been gradually transferred to the fall of domestic oil market, a smaller volume of imports of ****seed, it is expected that the measures on the domestic market little effect.

But he warns that the current domestic oil market bullish frequent Before this there was suggested that to raise import tariffs on soybeans and other oilseeds, the country would very likely the true intention is to gradually control the import market to alleviate the domestic oil market pressures.



B As early as April 24 this year, the Ministry of Commerce has issued "soybean, ****seed imports of early-warning communication," is expected in April of ****seed imports more than 270 thousand tons, an increase of more than 1.8 times; first four months of total import about 900,000 tons , an increase of nearly 1.2-fold, the highest volume of imports.
The Ministry of Commerce to remind the relevant enterprises to increase imports of risk prevention, appropriately adjust the pace of imports.



October 21, the Ministry of Agriculture recently released "in September oil cooking oil market monitoring information" shows that a ~ August, China's total import of edible oil seeds 32.14 million tons, up by 26.9%, of which 2.2 million tons of ****seed, an increase of 2.6 times, of which 97.3% from Canada.

Meanwhile, in September, the international oil and edible oil prices fell again, the Canadian ****seed CNF price (FOB price shipping) 453 U.S. dollars / ton, the chain fell 7.0% year on year drop of 17.9%.


On the other hand, the Government has actively introduced to support the domestic oil processing enterprise.

June 17, China issued by the Ministry of Finance and other departments, "the domestic oil processing enterprises purchasing and processing of ****seed in 2009 of domestic subsidies, management practices," said that in order to mobilize the enthusiasm of domestic oil processing enterprises, the central government according to the actual acquisition of ****seed business volume per pounds 0.10 yuan / jin, standards, providing a one-time fixed cost of subsidies

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October 21, the Ministry of Agriculture recently released "in September oil cooking oil market monitoring information" shows that a ~ August, China's total import of edible oil seeds 32.14 million tons, up by 26.9%, of which 2.2 million tons of ****seed, an increase of 2.6 times, of which 97.3% from Canada.

Meanwhile, in September, the international oil and edible oil prices fell again, the Canadian ****seed CNF price of 453 U.S. dollars / ton, the chain fell 7.0% year on year drop of 17.9%.


On the other hand, the Government has actively introduced to support the domestic oil processing enterprise.

June 17, China issued by the Ministry of Finance and other departments, "the domestic oil processing enterprises purchasing and processing of ****seed in 2009 of domestic subsidies, management practices," said that in order to mobilize the enthusiasm of domestic oil processing enterprises, the central government according to the actual acquisition of ****seed business volume per pounds 0.10 yuan / jin, standards, providing a one-time fixed cost of subsidies.

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As early as April 24 this year, the Ministry of Commerce has issued "soybean, ****seed import alert Alert" is expected in April of ****seed imports more than 270 thousand tons year on year increase of more than 1.8 times; first four months of total imports of about 90 million tons nearly 1.2 times as high in imports.

The Ministry of Commerce to remind the relevant enterprises to increase imports of risk prevention to suitably adjust the pace of imports.

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China's imports of ****seed from Canada expected to record high

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China Food Industry Network (at 11:29 on April 10, 2009)
China's imports of ****seed from Canada expected to record high
JoAnne Buth

JoAnne Buth, president of the Canadian Canola Association, told Reuters on Thursday said that in August 2008 -2009 year in July, China's ****seed imports from Canada will be more than 2 million tons, and a record high.


Some traders had previously said that because of China's ****seed purchasing and storage plan pushed up domestic prices, this year's import volume will reach 250-300 million tons.


In the previous 12-month period, Canadian exports to China alone by 70 million tons of ****seed. Buth said he had the highest annual export record for the last century, during the 90's record 190 million tons.


Deputy director of China's State Grain Bureau Zeng Li-ying, said Thursday the government is considering whether to continue for corn, soybeans and ****seed to increase the interim purchasing and storage, the policy is estimated that will soon be introduced.