The Miami Herald, December 20, 2010
As one of China’s most reliable suppliers in agricultural products, Latin America is making strides to fulfill China’s mounting needs. To accommodate that rising demand, Latin America has drastically increased its harvesting of soybeans — the most significant commodity needed to sustain China’s population. For the Chinese, soya is a versatile product used for soy flour, soy milk, soybean oil, tofu, textured vegetable proteins and soy sauce, a Chinese staple.
With a population of 1.3 billion, China is the largest soybean importer in the world, consuming about 40 million tons annually. Forecasters predict that China may soon import over 50 percent of global soybean production.