April 19, 2010
China's new soy supply seen at 58.5 million tonnes
China's new soy supply in the crop year of 2009-10 would reach 58.5 million tonnes, up 3.28% on-year, according to the China National Grain and Oils Information Centre (CNGOIC).
The new supply includes 14.5 million tonnes of domestic soy and 44 million tonnes of imports.
The think-tank estimated in its April oilseed market forecast report that soy consumption from oil crushing would amount to 47.5 million tonnes in this crop year, up five million tonnes from the 2008-09 crop year.
It updates its estimates once a month.
