Soybean industry dilemma hits fertilizer market

Drying equipment

In recent years, the soybean industry chains in the three northeastern provinces faced the current situation of low soybean market prices and reduced planting area, and they have already fallen into a difficult situation of sustained development. The plight of the soybean industry also hit the market for agricultural products used in soybean cultivation.

According to a survey conducted by China Soybean Network on thousands of monitoring sites in the three northeastern provinces, this year, the soybean planting area in Heilongjiang Province was reduced by about 30% compared with last year, Jilin was reduced by about 31%, and the area was reduced by a maximum of 70%. According to the data released by the Heilongjiang Provincial Agriculture Committee, soybean planting areas in the province have been declining year by year: in 2009, it was nearly 4% lower than in 2008; in 2010, it was nearly 10% lower than in 2009; in 2011, it was about 20% lower than in 2010.

The predicament of the soybean industry chain directly affects the market conditions of the agricultural resources used. According to the agricultural salesman from Shiren Town, Hulan District, Harbin City, Heilongjiang Province, “The soybean seed cannot be sold, and the soybean fertilizer is the same. So far, only 1 ton of soybean fertilizer has been sold out of more than 700 tons of fertilizer, and almost no one is visible. Kinds of soybeans.” Shiren Town, a soybean grower reluctantly said that last year when the spring plowing, he hoped that the price of beans could rise up. He hoped that by the spring plowing this year, the price of beans would not have reached 2.5 yuan per catty. Therefore, more than 200 acres of land were changed to corn this year.

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