April 13, 2011

China's soy imports in April will likely reach 4.28 million tonnes, the Ministry of Commerce said Tuesday (Apr 12) in an upward revision of an earlier estimate.

The import volume, if realised, would be 1.9% higher than a year earlier and 22% higher on-month.

The estimate is based on reports from importers during the March 16-31 period.

While the regular forecast is usually lower than actual import figure as it does not include all cargoes, the ministry's forecast for March was about a tenth higher than the 3.5 million tonnes actually imported.

The ministry issues the estimates twice a month.