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从企业竞争的角度讲,2004年饲料业得到了较高的利润率,且扩张积极,在大豆及其他饲料原料总体弱势的情况下,2005年饲料业很可能降低利润率,争取经营效益的最大化,对养殖有很好的推动。2005年养猪业对饲料的需求会呈逐渐走强的趋势,总体需求将高于2004年,对豆粕价格形成支持。2003年第四季度,国际大豆价格飙涨,中国为了抑制价格上扬,大量抛售国储大豆约80万吨,而2004年国际大豆价格总体处于高位,国家并没有补充库存,这样国家就把补充库存推迟到2005年,据调查目前国家已经开始有所行动,这无疑将降低大豆的市场供应,支持豆粕价格。
In terms of business competition, the feed industry enjoyed a higher profit margin in 2004 with a positive expansion. In 2005, the feed industry is likely to reduce profit margins and maximize operating efficiency in the context of the overall weakness of soybeans and other feed ingredients The promotion of aquaculture has been very good. In 2005, the demand for feed in the pig industry will gradually increase. The overall demand will be higher than in 2004, which will support the price of soybean meal. In the fourth quarter of 2003, the international soybean price surged. In order to curb price increases, China sold a large amount of about 800,000 tons of state-owned soybean stocks. In 2004, the international soybean prices were generally high, and the state did not replenish its inventories. As a result, the state put replenishment stocks Postponed to 2005, according to the survey of the current state has begun to take some action, which will undoubtedly reduce the market supply of soybean in support of soybean meal prices.