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Wednesday, August 5, 2009
Breaking News-RTRS-China soybean import prices rise above stock sale min
BEIJING/SINGAPORE, Aug 4 (Reuters) - A global soybean price rally has lifted Chinese import costs above the minimim price set for selling off some of the government's record stockpiles, although expectations for Wednesday's auction remain low. Imported soybeans are quoted around 4,000 yuan ($585.6) per tonne at Tianjin and Dalian ports, following around 14 percent surge in benchmark Chicago Board of Trade futures.