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Soybeans - China's Agricultural Staple
1.
2. An affiliate of West Legend, China Rilin
Construction Group focuses primarily on
construction supplies and operations. China
Rilin Construction Group is also affiliated with
the port of Dandong, which has dock facilities
able to berth 20 ships and stevedore 60 million
tons of cargo, such as soybeans, on any given
day.
3. Soybeans have played an important role in
China’s agricultural economy for decades. The
vegetable's rise to prominence in the world's
most populous country began in 1982, when the
American Soybean Association opened an
office in Beijing. Fast forward to 2008, when
imports of soybeans in China had risen an
average of 21 percent, a trend that continued
through 2010. In 2009, China's soybean
purchases accounted for approximately half of
the world's total exports.
4. Importers and exporters have played a
significant role in the soybean market by paying
attention to factors which affect specific crops.
Most imports arrive during the span of time
between January and September, when
soybeans are out of season. In 2010, China
imported approximately 2.9 metric tons of
soybeans during the month of February. Four
months later, that number jumped to 6.2 metric
tons. In 2012, soybean imports evened out,
reaching an average of 4.9 metric tons per
month.