Thursday, September 4, 2008

Breaking News-RTRS-China to cap soy crushing capacity as imports grow

BEIJING, Sept 3 (Reuters) - China will close small soybean crushers while restricting expansion by big plants as it seeks to consolidate the over-crowded industry in the world's top soybean importer.The National Development and Reform Commission will cap soy processing capacity at 75 million tonnes a year in 2010 and further reduce that to 65 million tonnes in 2012, it said in a report on the industry.