Tuesday, May 19, 2009

Breaking News - RTRS-INTERVIEW-China to stay strong buyer of soy - Bunge exec

ST.LOUIS, May 18 - China will remain a strong buyer of soybeans through 2009 as it builds up domestic reserves and imports soy to meet the demands of its expanding meat sector, a top Bunge executive said on Monday.
"We do expect China to be a significant buyer throughout the remainder of this year and on into the future," Carl Hausmann, president and chief executive officer of Bunge North America, told Reuters on the sidelines of the World Agricultural Forum, a food industry gathering in St. Louis.