December 29, 2008
China sees January soy imports at 2.98 million tonnes
The soy import figures from the commerce ministry did not show a drop in January's imports as predicted by traders as Chinese crushers would decrease production with the coming of the week-long Lunar New Year holidays.
Traders expect that China's imports for December and January would be around 3.5 million tonnes each.
Crushers in the north had shifted to imports as local prices were more expensive than imports after the government bought domestic supplies for the domestic reserve.
  |
Arrivals Monthly (Tonnes) |
  | ||
  |
Dec 1-15 |
Dec 16-31 |
Dec |
Jan |
Soy |
1,368,928 |
1,564,517 |
2,933,444 |
2,979,505 |
Rapeseed |
0 |
82,808 |
82,808 |
55,000 |
Soyoil |
31,500 |
12,000 |
43,500 |
9,600 |
Palm oil |
225,168 |
193,242 |
418,410 |
50,300 |
Rapeseed oil |
7,600 |
25,600 |
0 |
0 |
Soymeal |
11,975 |
24,165 |
36,139 |
24,938 |
  |
Loaded Monthly (Tonnes) |
  | ||
  |
Dec 1-15 |
Nov 16-31 |
Dec |
Jan |
Soy: |
  |
  |
  |
  |
|
66,937 |
0 |
108,000 |
50,000 |
|
  |
  |
  |
  |
(Gulf) |
497,380 |
405,321 |
1,340,809 |
529,667 |
(PNW) |
56,974 |
253,851 |
345,035 |
482,000 |
Others |
109,119 |
29,458 |
374,170 |
130,000 |
Total |
730,410 |
688,630 |
2,168,014 |
1,191,667 |
Soyoil: |
  |
  |
  |
  |
US |
  |
  |
  |
  |
Brazil |
0 |
0 |
8,000 |
0 |
|
0 |
0 |
1,600 |
15,000 |
Soymeal: |
  |
  |
  |
  |
|
3,693 |
980 |
29,627 |
1,500 |
Palm oil: |
  |
  |
  |
  |
|
53,752 |
107,429 |
87,454 |
2,000 |
|
116,112 |
114,173 |
216,623 |
12,000 |
Others |
6,150 |
4,000 |
16,900 |
12,500 |
Total |
176,014 |
225,601 |
320,977 |
26,500 |
Rapeseed: |
  |
  |
  |
  |
Canada |
22,000 |
60,500 |
66,000 |
0 |
Rapeseed oil: |
  |
  |
  |
  |
Canada |
7,600 |
0 |
25,600 |
0 |