July 13, 2011
China's July soy imports forecast to rise
Soy imports to China delivered in July are projected to reach 5.37 million tonnes, higher than the earlier estimate of 4.79 million tonnes, according to a report released by the Ministry of Commerce (MOC) Monday (Jul 11).
The estimation is higher than the imports of 4.95 million tonnes in the same period of last year. The imports delivered in June were 4.99 million tonnes, the MOC said.
The report is based on importers' shipments from June 16 to 30. The MOC regularly releases its estimate twice a month.
Data from the General Administration of Customs show that the country's soy imports reached 4.3 million tonnes in June, down 5.7% from the previous month and 30.65% from the same period of last year.
