Group 1 - Argentina has announced the cancellation of soybean export taxes, leading to a rapid increase in orders from Chinese buyers, with at least 10 to 15 ships ordered within hours [1][3][5] - The Argentine government has reduced the export tax rate on soybeans and other agricultural products to zero to enhance its export competitiveness [3][5] - This move has created a significant price advantage, prompting Chinese buyers to act quickly on pre-prepared orders [5][12] Group 2 - Taiwan's government has signed a controversial agreement to import over $10 billion worth of U.S. agricultural products, including soybeans, over the next four years [6][10] - This procurement deal is seen as a heavy burden for Taiwan, which has a population comparable to Shanghai, and may negatively impact local farmers [10][12] - The U.S. soybean industry is facing challenges as the large orders from Taiwan are insufficient to address the broader issues affecting American farmers [10][12] Group 3 - The contrasting actions of Argentina and Taiwan highlight the shifting dynamics in global soybean trade, with China increasingly supporting its competitors [12][20] - China's investments in South America, including infrastructure improvements, are facilitating a more reliable supply chain for soybeans [13][20] - The establishment of new supply chains and partnerships with South American suppliers is seen as a strategic move to reduce reliance on U.S. soybeans [20][22] Group 4 - The U.S. soybean market is experiencing a loss of trust and long-term relationships due to political risks associated with American exports [18][20] - Historical parallels are drawn between the current situation of U.S. soybean farmers and the decline of the American automotive industry in the 1970s [24][25] - Control over soybean supply is crucial for national protein supply chains, indicating that China's global soybean procurement has transcended mere trade [27][28]

在发布会上，有记者提问称，商务部国际贸易谈判代表兼副部长李成钢日前会见了美国中西部地区政商 代表团，这是否预示着中国将购买该地区的大豆？ 何亚东回应称，中美经贸关系的本质是互利共赢，中美两国在经贸领域拥有广泛共同利益和广阔合作空 间。当前影响中美正常经贸合作的最大障碍在于美单边限制措施，希望美方与中方相向而行，为中美经 贸关系稳定、健康、可持续发展创造有利条件。 对此，何亚东表示，习近平主席指出，中美关系"活力在地方"。中美省州经贸合作是中美经贸关系不可 或缺的组成部分，也是双方加强经贸往来的重要平台和渠道。关于大豆贸易，美方应采取积极行动，取 消相关不合理关税，为扩大双边贸易创造条件，也为全球经济发展注入更多稳定性、确定性。 "若入秋后仍未能与中国达成大豆协议，美国豆农的处境将进一步恶化"，美国大豆协会在8月致特朗普 的信中写道，"美国大豆种植户无法承受与我们最大客户之间长期的贸易争端"。 记者 辛圆 除了对中美大豆贸易问题作出回应，在当天的新闻发布会上，有记者提问称，美国驻华大使庞德伟称， 中国购买更多波音飞机的协议谈判已经进入最后几天或几周。商务部能否就相关谈判进展做出更多介 绍？ 在周四举行的商务部例 ...

Core Viewpoint - The Chinese Ministry of Commerce emphasizes the importance of local-level economic cooperation in enhancing Sino-U.S. trade relations, particularly in the context of soybean trade and tariff negotiations [1] Group 1: Sino-U.S. Trade Relations - The meeting between China's Vice Minister of Commerce and a U.S. Midwest delegation indicates potential discussions on soybean purchases from that region [1] - The Chinese government calls for the U.S. to take proactive measures by removing unreasonable tariffs to facilitate bilateral trade [1] Group 2: Economic Stability - The Ministry of Commerce highlights that improving trade relations can contribute to greater stability and certainty in the global economy [1]

中美省州经贸合作是中美经贸关系不可或缺的组成部分，也是双方加强经贸往来的重要平台和渠道。 9月25日，商务部举行例行新闻发布会。有记者提问称，商务部国际贸易谈判代表兼副部长李成钢日前 会见了美国中西部地区政商代表团，这是否预示着中国将购买该地区的大豆？ 商务部新闻发言人何亚东表示，习近平主席指出，中美关系"活力在地方"。中美省州经贸合作是中美经 贸关系不可或缺的组成部分，也是双方加强经贸往来的重要平台和渠道。关于大豆贸易，美方应采取积 极行动，取消相关不合理关税，为扩大双边贸易创造条件，也为全球经济发展注入更多稳定性、确定 性。 ...

人民财讯9月25日电，今日(9月25日)商务部例行记者发布会，商务部新闻发言人何亚东表示，中美省州 经贸合作是中美经贸关系不可或缺的组成部分，也是双方加强经贸往来的重要平台和渠道。关于大豆贸 易，美方应采取积极行动，取消相关不合理关税，为扩大双边贸易创造条件，也为全球经济发展注入更 多稳定性、确定性。此外，中美经贸关系的本质是互利共赢，中美两国在经贸领域拥有广泛共同利益和 广阔合作空间。当前影响中美正常经贸合作的最大障碍在于美单边限制措施，希望美方与中方相向而 行，为中美经贸关系稳定、健康、可持续发展创造有利条件。 ...

中国市场的反应也极为迅速。据报道，就在9月22日阿根廷宣布暂时取消包括大豆在内的谷物出口税 后，中国买家迅速出手订购了至少10船阿根廷大豆，预计这些大豆将于11月装船。 阿根廷通常对大豆征收26%的出口税，但是为了紧急筹集70亿美元外汇，阿根廷政府不惜豪赌"零税卖 粮"政策。事实证明，这一临时降税举措在短时确实提升了其大豆的竞争力，并且还促使了中国的采 购。 在贸易战期间，中国一直在大量采购阿根廷的大豆原料，2024/25年度阿根廷出口量创下六年来的新 高。而现在，由于临时减税政策，进一步鼓励了中国进口阿根廷大豆。 据相关媒体报道，在阿根廷取消谷物出口税后，中国买家至少订购了10船阿根廷大豆，这对已经无法进 入其主要市场并受到低价冲击的美国农民来说，无疑是又一次打击。 贸易商和分析师表示，这些交易对美国农民来说无疑是一次新的冲击。往年中国第四季度的库存采购通 常以美国大豆为主，但由于悬而未决的贸易谈判冻结了出口，中国到目前为止尚未购买任何美国秋收大 豆。 过去这个时候，中国一般要从美国购买1200万至1300万吨大豆，并于9月至11月装运。现在阿根廷与巴 西双面夹击，意味着美国农民的销售季几乎要与中国"无缘" ...

| 日期 | 豆粕江苏 | 菜粕广东 | 豆油江苏 | 棕榈油广州 | 菜油江苏 | | --- | --- | --- | --- | --- | --- | | 2025/09/18 | 2910 | 2540 | 8500 | 9220 | 10210 | | 2025/09/19 | 2930 | 2600 | 8550 | 9240 | 10320 | | 2025/09/22 | 2940 | 2620 | 8580 | 9280 | 10370 | | 2025/09/23 | 2870 | 2530 | 8250 | 8980 | 10180 | | 2025/09/24 | 2880 | 2490 | 8330 | 9050 | 10120 | 蛋 白 粕 基 差 ： 油 脂 基 差 ： 油脂油料早报 研究中心农产品团队 2025/09/25 隔 夜 市 场 信 息 ： 民间出口商报告向危地马拉出口销售101,400吨豆饼和豆粕 民间出口商报告向危地马拉出口101,400吨豆饼和豆粕，2025/2026市场年度付运。 分析机构对美国9月1日大豆库存的平均预估为3.23亿蒲式耳 分析机构对美国 ...

Core Viewpoint - The trade cooperation between China and ASEAN in agricultural products has been thriving, showcasing complementary advantages and providing strong momentum for economic development, while highlighting its unique and important position in the global economic landscape [1] Trade Volume and Growth - In the first eight months of this year, China's import and export of agricultural products with ASEAN reached 290.6 billion yuan, a year-on-year increase of 9.7%, accounting for 20.1% of China's total agricultural product trade [1] - The trade volume between China and ASEAN has grown from over 870 billion yuan in 2004 to nearly 7 trillion yuan in 2024, marking a sevenfold increase and maintaining growth for nine consecutive years [1] Complementary Resource Endowments - ASEAN's tropical and subtropical regions provide a rich variety of tropical agricultural products, such as rubber, coffee, cocoa, and tropical fruits, which are highly favored by Chinese consumers [2] - In 2024, China is expected to import approximately 1.56 million tons of durian, valued at 6.99 billion USD, with nearly 60% sourced from Thailand [2] - China's vast territory allows for significant production of temperate and subtropical agricultural products, meeting ASEAN's diverse food consumption and processing needs [2] Industrial Structure Complementarity - China's advanced agricultural technology and strong competitiveness in agricultural machinery, feed production, and processing can support ASEAN countries in enhancing agricultural production efficiency [2] - ASEAN's primary agricultural products, such as rubber and palm oil, are essential raw materials for China's manufacturing industries, contributing to stable production in sectors like tire manufacturing and food processing [2] Market Demand Alignment - China's large consumer market provides ample space for ASEAN agricultural products, with rising demand for tropical fruits and specialty seafood driven by improved living standards [3] - The rise of e-commerce platforms has expanded the channels for ASEAN agricultural products to enter the Chinese market, facilitating access for unique products [3] - ASEAN's steady demand for Chinese processed agricultural products and feed further diversifies consumption options in the region [3] Trade Category Complementarity - The trade between China and ASEAN features distinct advantages, with ASEAN exporting fruits, cassava, and palm oil, enriching China's agricultural market [3] - China exports down feathers and animal feed to ASEAN, which are well-received and support local industries, enhancing trade cooperation [3] Policy and Cooperation Mechanisms - The implementation of the Regional Comprehensive Economic Partnership (RCEP) has created favorable conditions for agricultural trade, with over 90% of regional trade achieving zero tariffs [4] - The completion of negotiations for the upgraded version of the China-ASEAN Free Trade Area 3.0 will facilitate broader cooperation in emerging fields like digital and green economies [4] Infrastructure Connectivity - The operation of the China-Laos Railway has significantly boosted trade, with over 60,000 freight trains and a cargo volume exceeding 67.6 million tons, including over 15 million tons of cross-border goods [4] - Improved cold chain and storage facilities along the railway enhance the efficiency and cost-effectiveness of transporting ASEAN agricultural products [4] Future Outlook - The digital economy is expected to empower trade upgrades, with e-commerce integration breaking spatial limitations and big data analysis enabling precise supply-demand matching [6] - There is significant potential for cooperation in green agriculture and sustainable development, with China providing technical experience in ecological agriculture and organic farming [7] - The integration of supply chains will enhance regional competitiveness, optimizing resource allocation and production efficiency through the RCEP and the upgraded free trade area [7]

印尼经济统筹部长艾尔朗加·哈尔塔托则表示，该协定标志着双边关系进入新的历史阶段，预计将催生 更多公平与可持续的贸易与投资合作。 农产品贸易空间或显著扩大 新华财经雅加达9月24日电（记者冯钰林）印度尼西亚和欧盟23日在巴厘岛正式签署《印尼-欧盟全面经 济伙伴关系协定》（IEU-CEPA），印尼成为继新加坡和越南之后，第三个与欧盟签署全面经济伙伴关 系协定的东南亚国家。分析认为，在全球贸易摩擦加剧的背景下，各国都在积极寻求多元化贸易渠道， 该协定作为应对策略应运而生。在显著降低关税壁垒的条件下，农业领域有望成为双方合作亮点。 全球贸易形势推动达成"近零关税"协定 该协定谈判始于2016年，双方历经19轮正式谈判及多次会谈，于今年7月达成政治协议。印尼经济统筹 部在声明中表示，协定涵盖货物、服务和投资等领域的贸易自由化。货物贸易方面，双方承诺取消超过 98%的关税税目和占进口总额99%的关税。协定生效的目标时间为2027年1月1日。 在印尼经济与法律研究中心执行主任比玛·尤迪斯提拉·阿迪内加拉看来，协定的签署恰逢其时，美国关 税政策造成的不确定性促使双方通过协定寻求贸易确定性，印尼和欧洲都需要寻找替代市场。金融咨 ...

来源：参考消息 两名知情交易员说，一船大豆为6.5万吨，将于11月付运。一名交易员还透露，中国买家实际 上预订了15船大豆。 据报道，美国总统特朗普8月曾要求中国加大采购美国大豆力度，但交易员和分析师指出，两 国持续的贸易谈判导致美国大豆出口停滞，加上南美洲供应商介入填补缺口，导致本轮的销 售旺季已过半，美国农民却错失了对华销售大豆的时机。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 新加坡《联合早报》9月24日援引路透社消息报道，三名交易员23日告诉路透社记者，中国 买家已向阿根廷订购了至少10船大豆，为第四季建立储备。 阿根廷22日刚刚宣布，暂时取消包括大豆在内的谷物及其 ...