November 28, 2008
China Guangxi's soy imports continued to grow in first 10 months
In the first 10 months of 2008, Guangxi Zhuang Autonomous Region's soy import volume increased by 25.5 percent year-on-year to 2.126 million tonnes with the value standing at US$1.32 billion, up 2.2-fold.
More specifically, Guangxi's average monthly soy import price surged by 76 percent year-on-year to US$621.6 per tonne. The Region's soy import price has been climbing fast since January but after it hit a ceiling in August at US$ 707.1 per tonne, it has started dropping again.
In October, the average monthly import price dropped by 10.9 percent over September to US$ 553.7 per tonne, touching the lowest point this year.