All Title Author
Keywords Abstract

World Soybean Trade: Growth and Sustainability

DOI: 10.4236/me.2014.55054, PP. 580-588

Keywords: Soybeans, Feedstock, Land Use, Agricultural Economics, Commodity Trading, Sustainability

Full-Text   Cite this paper   Add to My Lib


Soybeans can be consumed directly as food, and in China they are the major ingredient in food products such as tofu and soy milk, but direct consumption is small relative to their wider use in animal feed, and it is the requirement for livestock feed that drives international trade. Rapid growth of economies and population, especially in Asia, has led to increased demand for animal protein and cooking oil. This paper analyses the recent growth in supply of soybeans from North and South America to China, and considers the factors that may affect this trade in future; a contrast is made with supply from North and South America to Europe, which has not been increasing. The constraints preventing an increase in supply of soybeans to Europe are reviewed. The paper concludes with brief discussion of the factors which will affect world markets for soybeans and soybean products in future.


[1]  Helpman, E. (2010) The Mystery of Economic Growth. Harvard University Press, Cambridge.
[2]  Helpman, E., Itskhoki, O. and Redding, S. (2010) Inequality and Unemployment in a Global Economy. Econometrica, 78, 1239-1283.
[3]  Mittal, A. (2009) The 2008 Food Price Crisis: Rethinking Food Security Policies. UN.G-24 Discussion Paper No. 56.
[4]  Schmidhuber, J. and Tubiello, F.N. (2007) Global Food Security under Climate Change. Proceedings of the National Academy of Sciences, 104, 19703-19708.
[5]  IADB (2010) Institute for the Integration of Latin America and the Caribbean. Nuevas tendencias en las políticas comerciales y productivas de la Republica Popular China. Carta Mensual INTAL 166, Junio.
[6]  ECLAC (2010) La Republica Popular de China y América Latina y el Caribe: Hacia una relación estratégica. Santiago, Chile, Abril.
[7]  Devos, Y., Demont, M., Dillen, K., Reheul, D., Kaiser, M. and Sanvido, O. (2009) Coexistence of Genetically Modified (GM) and Non-GM Crops in the European Union. A Review. Agronomy for Sustainable Development, 29, 11-30.
[8]  McFarlane, I., Park, J., Ceddia, G. and Phipps, R. (2011) Transgenic Soya Beans: Economic Implications for EU Livestock Sector. Quality Assurance and Safety of Crops & Foods, 3, 54-62.
[9]  Nogués, J.J. (2011) Agricultural Export Barriers and Domestic Prices. Argentina during the Last Decade. FAO, June 2011.
[10]  Bolsa de Cereales (2011) Desarrollo productivo y cambio de paradigma. Diez anos de agroindustria argentina. 2000-2010. Instituto de Estudios Económicos. Bolsa de Cereales, Buenos Aires, Junio.
[11]  Index Mundi (2014) Argentina Soybean Meal—Production by Year.
[12]  Rabo Bank (2013) Outlook 2014—Recovery on a Shaky Footing. Rabo Bank Economic Research Department.
[13]  O’Connor, E. (2013) China, Brazil and Argentina: Agricultural Trade and Development? American Journal of Chinese Studies, 20, 101-112.
[14]  Balassa, B. (1965) Trade Liberalisation and “Revealed” Comparative Advantage. The Manchester School, 33, 99-123.
[15]  Figuerola, E.L.M., Guerrero, L.D., Rosa, S.M., Simonetti, L., Duval, M.E., et al. (2012) Bacterial Indicator of Agricultural Management for Soil under No-Till Crop Production. PLoS ONE, 7, Article ID: e51075.
[16]  Lazzaroto, J. and Hirakuri, M.H. (2009) Evolucao e Perspectivas de DesempenhoEconomico asociadas com a Producao de Soja nos Contextos Mundial e Brasileiro. Documentos 319. EMBRAPA-SOJA. Ministerio da Agricultura, Pecuaria e Abastecimento. Londrina PR, Brasil, Dezembro.
[17]  EuroSTAT (2014) European Agricultural Production.
[18]  FAOSTAT (2014) Crops and Livestock Products.
[19]  EuropaBio (2014) Why Does the EU Import GM Crops?
[20]  USDA (2014) Soybeans & Oil Crops.
[21]  Gryson, N., Eeckhout, M., Trouillier, A., Le Bail, M. and Soler, L.-G. (2009) Strategies for Coexistence of GM and Non-GM Soy from Import to Feed Processing. Environmental Biosafety Research, 8, 153-159.
[22]  GMO-Compass (2007) GMO Labelling of Foodstuffs Produced from Animals—The Discussion Continues.
[23]  Hartman, G., West, E. and Herman, T. (2011) Crops That Feed the World 2. Soybean—Worldwide Production, Use, and Constraints Caused by Pathogens and Pests. Food Security, 3, 5-17.
[24]  Lusser, M., Parisi, C., Plan, D. and Rodríguez-Cerezo, E. (2011) New Plant Breeding Techniques: State-of-the-Art and Prospects for Commercial Development. Publications Office of the European Union.


comments powered by Disqus