January 25, 2010
China January soy import forecast at 3.6 million tonnes
China's soy imports in January are likely to reach 3.6 million tonnes, according to a report by the Ministry of Commerce.
The country imported 4.78 million tonnes of soy in December 2009.
The estimate was based on importers' reports during the Jan 1-Jan 15 period, and the regular forecast is usually lower than actual imports because it does not include all cargoes.
The ministry issues the estimates twice a month.
Below is a chart showing the ministry's updated forecasts for the import volumes of six agricultural products (numbers in tonnes):
|
　 |
Estimate for January |
Estimate for February |
|
Soy |
3,637,713 |
2,898,865 |
|
Soyoil |
41,550 |
40,000 |
|
Soymeal |
23,580 |
0 |
|
Palm Oil |
289,272 |
176,147 |
|
Rapeseed Oil |
6,144 |
42,000 |
|
Rapeseed |
60,500 |
55,000 |
