December 12, 2013

US soy exports to China may reach 26 million tonnes in 2013-14

From September 2013 to August 2014, US soy exports to China may reach a record high of 26 million tonnes, US Soy Export Council said.

Zhang Xiaoping, the council's chief representative in China, said the record demonstrated China's strong buying power. During the period, China will import nearly 70 million tonnes of soy while producing 15 million tonnes domestically.

Soy yields a bigger sum than any other commodity exported to China from the US, the world's largest soy producer.