Due to the cheap price, Chinese family and restaurant commonly use soybean oil. Beijing has imported more than 6300 ten thousand tons of transgenic soybeans from the United States, Brazil and Argentina in 2013.
According to the national association of soybean exports in September this year in Milwaukee, on a similar signing ceremony that was held by Wisconsin, China cereals, oils and foodstuffs import and export (group) co., LTD., China grain reserve management corporation and other large buyers have signed the purchase 4.8 million tons of U.S. soybeans which worth $2.3 billion.
Chinese pork, poultry, eggs and fish consumption fast growth, so U.S. soybean just can satisfy the demand of this part in China. Chinese farmers have reduced the soybean planting area see the benefit of improved corn. So China must rely on more soybean imports in order to satisfy the growing demand of breeding industry.
The US is the world's largest producer of soybeans only after the country's soybean exports to Brazil lastyear that ranked second in the world.
