China May Import More Non-GMO Beans
Lin Tan DTN China Correspondent
Wed Nov 19, 2014 02:00 PM CST

BEIJING (DTN) -- China's domestic soybean production and its use of soybeans for food are converging, and it's getting tough for soybean crushers to find domestic, non-GMO soybeans to meet the need.

"Food consumption of soybeans is close to 10 million metric tons (367 million bushels)," said Zhonghua Wang, an analyst in Beijing. "Domestic soybean output is getting close to this volume, and that means almost all domestic soybeans will go to food processing and it will be hard for the crushing industry to find any domestic beans to process."

China's expected to produce 12.5 mmt of soybeans, all of ...

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