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November 10, 2011

 

China raises November soy import forecast
 

 

China's soy imports delivered in November are estimated to reach 5.17 million tonnes, higher than an earlier forecast of 3.9 million tonnes, the Ministry of Commerce (MOC) said Wednesday (Nov 9).

 

The ministry said that the imports delivered in October were 6.39 million tonnes.

 

The report is based on importers' shipments from October 16 to 31. The MOC regularly releases its estimate twice a month.

 

The state-backed China National Grain and Oils Information earlier predicted that China would import about four million tonnes of soy in October, compared with the 4.13 million tonnes imported in September.

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