Monday, December 22, 2008

Breaking News-RTRS-China to keep importing soy on lower prices -survey

BEIJING, Dec 19 (Reuters) - Chinese crushers in the north were seen continuing to import soybeans briskly despite a pickup of Chicago Board of Trade prices, since domestic soy remained expensive, an official survey showed.
"Crushers in the north would not shift to crush domestic soybeans unless U.S futures prices rise to more than $9.80 (per bushel)," the China National Grain and Oils Information Centre (CNGOIC) said in a report.