Monday, December 15, 2008

Breaking News-RTRS-China sees Dec soy imports up 11.5 pct vs Nov -MOFCOM

BEIJING, Dec 12 (Reuters) - Chinese buyers expected 2.93 million tonnes of soybean imports in December, the Commerce Ministry said in a report on Friday, 11.5 percent higher than its estimate for November, as low costs encouraged more imports by the world's largest buyer.
The ministry's figure for November, at 2.87 million tonnes, was much lower than the actual arrivals reported by the Customs Administration, at 3.32 million tonnes. Commerce estimates typically are lower than the Customs measure, because they fail to include all shipments.