March 12, 2004

China Imported 1.16 Million MT Of Soybeans In February

China imported 1.16 million metric tons of soybeans in February, according to official customs figure.
 
February imports are 58.6% higher than the 731,461 tons imported in February 2003.
 
In January-February, China's soybean imports are pegged at 3.82 million tons, 88.8% higher than imports in the same period of last year, official figures show.
 
In January, China imported 1.98 million tons of soybeans, a rise of 53.1% from the imports in January 2003.
 
China's soybean imports in the October-September marketing year are forecast to be 21.50 million tons, according to the U.S. Department of Agriculture.