April 27, 2009
China April, May soy imports to top 3 million tonnes
China will likely import 3.83 million tonnes of soy in April and 3.18 million tonnes in May, according to an initial government estimate issued today.
The estimate, from a Ministry of Commerce report issued twice a month, was based on importers' reports for April 1-15; the regular forecast is usually lower than actual levels as it doesn't include all cargoes.
China imported 3.86 million tonnes of soy in March, up 67 percent on year.
Below is a chart showing the ministry's forecasts for the import volumes of six agricultural products (in tonnes):
|
　 |
Estimate for April |
Estimate for May |
|
Soy |
3.83 million |
3.18 million |
|
Soyoil |
265,430 |
114,600 |
|
Soymeal |
0 |
0 |
|
Palm oil |
191,097 |
149,320 |
|
Rapeseed oil |
53,879 |
5,000 |
|
Rapeseed |
267,239 |
68,000 |
