March 14, 2008

Chinese importers book three to four cargoes soy this week

Chinese importers booked three-four cargoes of soy from South America this week, according to data from Shanghai JCI Friday.

These soy are to be delivered in May, an analyst at the grain consultative firm said.

Last week, China did not book any soy cargoes on high prices.

Chinese importers also bought 60,000-80,000 tonnes of soy oil from South America, the analyst said.