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Because soybeans are high in protein, they are an important source for animal food. Additionally, they are also an important source for cooking oil and other cooking ingredients such as soy sauce and miso, indispensable to East-Asia diets. Therefore, soybeans are in high demand to maintain the dietary structure in China. However, China cannot produce enough soybeans to satisfy the domestic needs and as a result, annually it has to import a great amount of soybeans mainly from Brazil, the US and Canada. This essay will adopt abundant historical data to analyze the traditional export from the different nations and provide suggestions about what Chinese government can do to stabilize the soybean’s market. At the same time, this essay will also provide the suggestion to the Canadian government to take advantage of the historical chance to export more agricultural products to China.

Exporter Competition in China’s Soybean Market and the Chance for Canada