China’s Soybean Imports — Price Impacts using a Production System Approach

A differential production model is applied to study how soybean and soybean oil imports from the U.S., Brazil and Argentina compete on China’s markets and how China’s domestic prices of soybean meal and oil impact the country’s imports. The results support a presumption that China’s soybean imports from global markets are impacted by China’s domestic soybean meal price but not by the soybean oil price.