Wednesday, May 27, 2009

Breaking News-RTRS-UPDATE 1-China May soy imports seen at record 4.29 mln T-MofCom

BEIJING, May 25 (Reuters) - China's Commerce Ministry expects the country's soybean imports to hit a record 4.29 million tonnes in May and to remain high in June, with 4.11 million tonnes expected to arrive.
The preliminary estimates from the ministry's latest twice-monthly report sharply revised its earlier forecasts of 3.66 million tonnes in May and 2.8 million tonnes in June. The preliminary figures were in line with traders' projections.
China, the world's largest soy importer, imported 3.71 million tonnes in April.