Oilseed Imports in September

By CnAgri2012-11-01 10:47:31 Print

Soybean imports registered 4.966 million MT in September and 44.3 million MT in January ~ September, up 20.3% and 17.5% respectively on the year-on-year basis. Soybean imports are predicted to be 57.5 million MT in 2012, an increase of 9.3% on the year-on-year basis.

    Rapeseed imports were 185,000 MT in September and 2.032 million MT in January ~ September, up 34.7% and 202% respectively on the year-on-year basis. Rapeseed imports are predicted to be 3 million MT in 2012/2013, suggesting an import dependence ratio of 20%.

    Palm oil imports were 532,000 MT in September, 16.2% more than the month before but 7.3% less than the same period of last year. Palm oil imports totaled 4.095 million MT in January ~ September, a drop of 1.7% on the year-on-year basis. Considering a large palm oil stock in China at present, the nation’s monthly palm oil imports may stay between 550,000 MT and 600,000 MT in the next few months.

From “China Oil and Oilseeds Market Weekly Report”