May 26, 2009
China's soy imports to top 4 million tonnes in May
China is expected to import 4.29 million tonnes of soy in May, which would mark an all-time high, according to an initial estimate in a report by the Ministry of Commerce.
The estimate was based on importers' reports during the May 1-May 15 period. The figures in the ministry's forecasts are usually lower than actual imports, as they don't include all cargoes.
The country is expected to import 4.11 million tonnes of the crop in June, said the report.
China imported 3.71 million tonnes of soy in April, up 55 percent on year.
The ministry issues the estimates twice a month.
Below is a chart showing the ministry's forecasts for the import volume of six agricultural products (Numbers are in tonnes):
|
　 |
Estimate for May |
Estimate for June |
|
Soy |
4.29 million |
4.11 million |
|
Soyoil |
223,457 |
200,047 |
|
Soymeal |
0 |
0 |
|
Palm oil |
359,187 |
151,500 |
|
Rapeseed oil |
56,888 |
0 |
|
Rapeseed |
130,573 |
117,724 |
