Watching CEO Lei prepare to take the stage, Jiang Yan Hai's mind drifted slightly. In truth, many people did not know what the Grain and Oil Incident had been, and many ordinary people did not even know what had happened. But all ordinary people should have known one thing.
That was that sometime in the 2000s, pork prices in China suddenly surged, and the increase had been terrifying. In fact, that had been caused by the Grain and Oil Incident.
As for the reason?
It was simple. Back when China had just joined the WTO, a group of people had been shouting that since China had joined the WTO, American soybeans were cheap while China's own soybeans were expensive, so China should buy American soybeans and abandon its own.
Students who had lived in the Northeast should have known that soybeans had once been the most widely planted crop there.
So later, after soybean imports had been opened up and cheap American soybeans had entered the country, domestically grown soybeans were eventually eliminated because of issues such as oil yield, production volume, and price.
Indeed, during the first two years of importing soybeans, domestic grain and oil prices had fallen somewhat, and those who had called for abandoning China's own soybeans had immediately been delighted. Then, once the domestic soybean market had been wiped out and grain and oil merchants had fallen under foreign control, foreign grain and oil merchants immediately began raising prices.
At that point, China no longer had its own soybeans. Yet whether it was feed needed for livestock farming, grain and cooking oil, lubricants, or anything else, soybeans were required. What could be done then?
They could only swallow their broken teeth. Even if soybean prices rose, they had to accept it, or there would be