December 11, 2008
China on-year November soy imports down 0.6 percent; corn down at 85 percent
China imported 3.32 million tonnes of soy in November, according to preliminary data issued by the General Administration of Customs Wednesday (December 10), down 0.6 percent from a year earlier.
The on-year fall was much more moderate than October's 25 percent decline probably because of global soy prices were lower than domestic ones.
Soy imports in the first eleven months totalled 34.14 million tonnes, up 22 percent on year, said the customs.
On the other hand, China exported 20,000 tonnes of corn in November, according to preliminary data issued by the General Administration of Customs Wednesday, down 85 percent from a year earlier.
The on-year fall was commensurate with an 88 percent fall in October.
From January-November, the country exported 240,000 tonnes of corn, down 95 percent on year, it said.