March 13, 2012

China's soy imports rise 13.2% on-year

In the January-February period, the soy imports of China were 8.44 million tonnes, 13.2% higher against the previous year, the General Administration of Customs said Saturday (Mar 10).

The customs department disclosed the data in a press release preceding the actual publication, due later Saturday, of more detailed preliminary commodity trade data for the month.

Data in such press releases are generally rounded up or down, making them slightly less accurate than the actual data.

China is the world's biggest importer of soy and gets most of its supplies from the US, Brazil and Argentina.