China Importing Soybean 5.91 Million MT in Jan. 2014

By CnAgri2014-02-19 09:40:58 Print China imported soybean 5.91 million MT in Jan. 2014, down 20.14% from Dec. 2013 and up 23.57% from the same period of 2013.

In Jan. 2014, soybean import cost averaged USD568/MT, down USD2/MT compared with DEC. 2013.
　　　
According to customs statistics, China imported soybean 63.405 million MT in Jan,-Dec. 2013, up 8.58% from 2012, accounting for 84% of domestic consumption. With good consumption of domestic soymeal and huge crushing profit, BOABC predicts China soybean imports shall see further increase in Feb. 2014.

From “China Oil and Oilseeds Market Weekly Report”