March 18, 2009
Cheap soy imports force Heilongjiang's soy processors to halt production
Heilongjiang Province's soy processing enterprises once again were forced to halt their productions due to the sharp fall in international soy prices and the cheap imports of GM soy.
Since late February, the international soy futures market has been on the downturn. In addition, the price of imported soy fetched RMB2,900/tonnes which was RMB700 cheaper than soy from Heilongjiang.
Thus, soy processing companies in the country's north-eastern region, especially those in Heilongjiang have been badly affected by the cheap soy imports.
