Wednesday, November 25, 2009

Breaking News-RTRS-ANALYSIS-China's massive soy imports to flow into 2010

BEIJING, Nov 24 (Reuters) - China will retain its huge appetite for soy imports next year, and shipments may even eclipse this year's record, thanks to Beijing's pledge to keep shoring up local prices and a pick-up in soymeal demand.
Rising imports are already evident as the world's biggest soy importer has taken advantage of a record U.S. harvest to book 15.84 million tonnes of new U.S. soy, nearly twice as much as the 8.28 million tonnes booked by this point in 2008, U.S. Department of Agriculture figures show.