March 26, 2009
China's March soy import seen at 3.83 million tonnes
China is expected to import 3.83 million tonnes of soy in March, according to an initial estimate report by the Ministry of Commerce.
The estimate was based on importers' reports during March 1-15 and the regular forecast is usually lower than actual levels as it doesn't include all cargoes.
The ministry expects soy imports in April to be 2.48 million tonnes.
China imported 3.26 million tonnes of soy in February, up 61 percent on year.
The ministry issues the estimates twice a month.
Below is a chart showing the ministry's forecasts for the import volumes of six agricultural products (Numbers are in tonnes):
|
　 |
Estimate for March |
Estimate for April |
|
Soy |
3.83 million |
2.48 million |
|
Soyoil |
299,748 |
135,940 |
|
Soymeal |
1,928 |
0 |
|
Palm oil |
303,764 |
84,900 |
|
Rapeseed oil |
41,651 |
60,219 |
|
Rapeseed |
160,527 |
65,000 |
