• 2025 good quality big soybean oil production line
  • 2025 good quality big soybean oil production line
  • 2025 good quality big soybean oil production line
  • 2025 good quality big soybean oil production line
  • Will soybean oil be used in biofuels in 2023?
  • Soybean oil for biofuels is expected to grow 8% to 12.5 billion pounds during the 2023-24 crop year. USDA cited the increased use of soybean oil in biofuels as the driving factor for the price increase and decrease in exports.
  • Will soybean prices be high in 2024?
  • To increase soybean acres significantly, soybean prices would need to be around $18 per bushel by the 2024-25 crop year. However, to meet the growing renewable diesel market, the U.S. might need to reduce exports of raw beans and increase exports of soybean meal.
  • How much grain does China produce in 2023?
  • China's overall grain output in 2023 reached over 650 million tons for the ninth consecutive year despite heavy rains, floods and droughts reported in multiple regions across the country. Deng said China's food production has stronger support from technologies and equipment.
  • How many hectares of soybeans a year?
  • Deng Xiaogang, a vice-minister of agriculture and rural affairs, said plantation areas for soybean reached 10.4 million hectares last year, with a record yield of 208,400 metric tons.
  • How many hectares of oil are planted in China?
  • "The planting area of oil crops in total has crossed the threshold of 13.3 million hectares," Deng told a news conference held by the State Council Information Office in Beijing. Soybean is a major raw material used for making animal feed.