According to a report from The Guardian on October 24, on the 23rd, a number of government officials and experts from Tanzania participated online in a discussion on “How Tanzania can benefit from soybean exports to China”.
The Ambassador of Tanzania to China Kailuki pointed out that China consumes 120 million metric tons of soybeans every year. Importing soybeans cost US$42 billion last year. China’s annual demand for Tanzanian soybeans is 87 million metric tons, but Tanzania’s current annual output is only 200,000 metric tons. Affected by the new crown pneumonia epidemic, the price of soybeans on the international market has risen from 600-800 shillings/kg (about 0.26-0.35 US dollars/kg) to 2400 shillings/kg (about 1.05 US dollars/kg). He pointed out that Tanzania has a large area suitable for planting soybeans and called on the Tanzanian government to take measures to expand soybean planting and increase production.
Nyasebwa, head of crop development at the Ministry of Agriculture of Tanzania, participated in the discussion and pointed out that at present, 86 companies in Tanzania have been approved to export soybeans to China, but they still face the requirements of complying with China’s inspection and quarantine standards.