August 30, 2010

China's August soy imports fall slightly on-month

China's soy imports in August are likely to drop 8% on July to reach 4.56 million tonnes, the Ministry of Commerce said Friday (Aug 27).

If realised, the estimate would be below a ministry forecast earlier this month for August shipments.

It would, however, still be at historically high levels, up about 46% from the same month last year.

The ministry also estimated September imports at 4.34 million tonnes.

The August estimate is based on reports from importers during the Aug 1-15 period. The regular forecast is usually lower than the actual import figure as it does not include all cargoes.

The ministry issues the estimates twice a month.