Thursday, September 10, 2009

Breaking News-RTRS-RPT-China Sept soy imports seen low at 2.5 mln T-MOFCOM

BEIJING, Sept 9 (Reuters) - China's commerce ministry has
revised upward its forecast for the country's September soy
imports to 2.5 million tonnes from a previous estimate of 2.11
million tonnes, while August imports were also revised up
slightly to 2.41 million tonnes, according to its latest report.
The low imports would help reduce large stockpiles of
soybeans at ports, estimated at about 3.5 million tonnes at the
end of last month, following a record level of imports in June
and July, traders said.