November 26, 2012

China raises November soy import forecast to 4.94 million tonnes

China's Ministry of Commerce (MOFCOM) has updated the country's soy import estimations for November 2012 from 4.25 million tonnes to 4.94 million tonnes.

MOFCOM estimates soy imports to fall to 3.43 million tonnes in December this year.

MOFCOM expects China's soy oil imports to reach 312,300 tonnes in November and 111,100 tonnes in December.

The Ministry predicts Palm oil imports to be 418,600 tonnes in November and 299,500 tonnes in December.

Colza oil imports are expected to be 99,000 tonnes in November and 137,100 tonnes in December. Olive oil import volume may hit 400 tonnes in November and 400 tonnes in December.