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November 26, 2013

 

China's soy imports rise, rapeseed imports fall in October

 

 

According to the statistics from the General Administration of Customs, China's imports of soy continued to rise in October, while rapeseed imports are on the decline.

 

China imported 5.19 million tonnes of soy in October, an increase of 29% compared to 4.03 million tonnes in October of 2012. From January to October 2013, imports of soy accumulated to 49.97 million tonnes, increased by 3.4% compared to the same period of 2012.

 

China also imported 74,000 tonnes of rapeseed in October, the lowest monthly shipment since July 2011. However, accumulated imports of rapeseed from January to October 2013 reached 2.60 million tonnes, rose by 300,000 tonnes compared to 2.30 million tonnes in the same period of 2012.  

 

Meanwhile, the imports of soybean oil and rapeseed meal both decreased in October. China imported 100,000 tonnes of soybean oil in October, a plunge of 56% on-year compared to 228,000 tonnes in October 2012. From January to October, imports of soybean oil fell by 38% to 892,000 tonnes, compared to 1.44 million tonnes in the same period of 2012.

 

October's imports of rapeseed meal to China hit 44,000 tonnes, the largest monthly volume so far in 2013. However, accumulated volume from January to October was only 95,000 tonnes, a significant drop compared to 481,000 tonnes in the same period of 2012.

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