Tang Ke, Director of Market and Information Division, Ministry of Agriculture and Rural Affairs said that as the first stage trade agreement between China and USA is implemented, soybeans imported from USA are expected to increase continuously. The soybean import amount is increased and price is stable in the first half year.

According to subsequent trend, the soybeans in North America entered into market successively, said Tang Ke. As the first stage trade agreement between China and USA is implemented, soybeans imported from USA are expected to increase continuously. The soybean import amount is increased and price is stable in the first half year. The downstream bean pulp and bean oil supply can be guaranteed. The state reserve auctioned soybeans are supplied to market successively. Moreover, new beans are about to enter market, the market supply will increase continuously. The price of domestic soybean is expected to fell from high level.