A tax reduction rate notice of the State Council Customs Tariff Commission has added to the domestic cockroach market. The notice states that China will impose a provisional tax rate on imports of more than 700 commodities, which will be adjusted from January 1, 2019. Part of the class is the miscellaneous tariff rate from 5% to zero.
The number of dishes dropped rapidly in the intraday, with a minimum of 2108 yuan/ton in the day, closing at 2111 yuan/ton, down 2.9% from the previous closing price.
The previous reports on the popularity of the two people who were vacant were based on "China's purchase of 5 million tons of US dollars could not alleviate the pressure on US soybean stocks." At present, it is still estimated that the US soybeans will still be adjusted to 880-890. In the cents/bushel range, even lower.
According to the US soybean price of 880 cents/pu, the oil value of 31.5% to 33.5% is corresponding to the cost of soybean meal 05 at 2607-2685 yuan/ton, and the operating interval of bean meal 粕05 is defined as 450-550 yuan. / ton, the interval of the vegetable 粕 05 is defined as 2050-2200. Today's domestic policy of miscellaneous zero tariffs will make the decline process faster.
So what is the change in import volume that can be brought about by the miscellaneous zero-tariff policy announced today? We will simply sort out the importation of Chinese chowder in 2018.
The import restriction of rapeseed meal is released, and the increment is obvious
On October 23, 2018, the import restrictions on Indian vegetable oysters were released.
At the end of 2011, the General Administration of Quality Supervision, Inspection and Quarantine issued an announcement prohibiting the import of peptone such as rapeseed meal and soybean meal from India.
On December 11, 2018, the import of rapeseed from Kazakhstan was approved.
The countries that are currently allowed to import rapeseed meal are: Pakistan, United Arab Emirates, Japan, United States, Canada, Australia, Ethiopia, India.
The import of Ukrainian sunflowers has increased significantly
From January to October 2018, China imported 210,000 tons of sunflower vines from Ukraine and Kazakhstan, of which 200,000 tons were from Ukraine. According to the German industry agency Oil World, China's sunflower glutinous rice imports will increase to 400,000 tons in 2018/19, more than double the previous year's 164,000 tons. In contrast, China did not import any sunflower mites in 2016/17.
Peanut meal imports decreased in 2018
In 2017, a total of 86,000 tons of peanuts were imported, and a total of 42,000 tons was imported from January to October 2018.
The diversification trend of oilseed oilseed imports caused by Sino-US trade friction will continue. Under the zero tariff drive, the import side of the miscellaneous will remain loose. The phased import of oilseeds other than soybeans depends on import profits and domestic crushing. Capacity limit. The characteristics of the churning demand elasticity are very difficult to predict the annual consumption, mainly to track the cost performance of each protein raw material.
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