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November 11, 2008

                     
China soy imports increase in 2nd half of October
                   

 

China imported 838,225 tonnes of soy in the second-half of October, 16 percent higher than the first-half of October, according to the Commerce Ministry.

 

Buyers in the world's largest importing country estimated soy imports of 2.5 million tonnes for November, up from 1.7 million tonnes for October, the ministry said in a report.

 

The ministry's figures were lower than traders' estimates of shipments. Traders estimated November arrivals at about 3 million tonnes while imports for October stood at between 2 to 2.5 million tonnes.

 

Buyers also estimated imports of 322,126 tonnes of soyoil in November, up from 48,116 tonnes for October. The ministry said importers reported 30,007 tonnes of rapeseed oil for November, up from 14,700 tonnes for October.

 

The following table shows loadings of soy as well as soyoil and palmoil in the October 16-31 period and forecasts for October and November as reported by importers by 31 October.
                                                                              

 

 

Monthly

Loaded

 

 

Oct 16-31

Oct 1-15

Oct

Nov

Soybean

Argentina

326,011

364,918

791,007

60,000

Brazil

0

65,512

120,242

0

US

(Gulf)

417,621

49,000

516,078

1,533,500

(PNW)

549,020

361,749

815,837

571,340

Unspecified

94,711

0

278,520

55,000

Total

1,387,363

841,178

2,521,684

2,219,840

Soyoil

Argentina

0

72,800

73,300

0

Unspecified

0

2,000

2,000

0

Total

0

74,800

78,795

0

Soymeal

India

0

0

0

12,250

Palm oil

Indonesia

11,599

11,740

23,339

51,800

Malaysia

90,200

52,081

173,728

88,550

Unspecified

0

0

0

23,021

Total

101,799

63,821

197,067

163,371

Rapeseed

Canada

60,500

0

83,500

60,000

Total

60,500

0

83,500

60,000

Rapeseed oil

Canada

16,700

5,000

37,708

0

Unspecified

23,000

0

23,000

0

Total

39,700

5,000

60,708

0

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