Price Risk and Coping Strategies of China’s Soybean Industry

Abstract

In recent years, wild fluctuations in international soybean prices have brought tremendous price risks to domestic soybean enterprises, which are mainly rooted in China soybean industry’s relatively high dependence on foreign market; multinational grain merchants’ intensive control on Chinese soybean industry; China’s loss of pricing of global soybeans and the huge fluctuation of soybean prices. Therefore, we should deal with this by taking measures to improve self-sufficiency rate of domestic soybean, restrict foreign capitals’ control of the soybean industry, and strive to promote domestic soybean enterprises to develop bigger and stronger.
Key words: China’s soybean industry; Price risk; Pricing