Wednesday, June 17, 2009

Breaking News-RTRS-UPDATE 1-China 2009/2010 soy imports seen down 7.5 pct

BEIJING, June 16 (Reuters) - China, the world's largest soy importer, is likely to buy less from abroad in 2009/2010 partly because the government may release some of its large reserves, according to an official think-tank.
Imports for the year beginning October were likely to fall to 37 million tonnes, down 7.5 percent from 40 million tonnes projected for the current year, the China National Grain and Oils Information Centre said in a report.