Tuesday, December 8, 2009

Breaking News-RTRS-UPDATE 1-China Dec soy imports seen up at 3.87 mln T -MOFCOM

BEIJING, Dec 7 (Reuters) - China's commerce ministry expects the country's soy imports in December to rebound to 3.87 million tonnes, the third largest monthly import this year.
The ministry in its latest report revised down November soy imports to 2.66 million tonnes from its earlier estimate of 2.86 million tonnes.
A delayed harvest in the United States, the world's top soybean exporter, reduced the amount of arrivals for November.
But the ministry's estimate for December was still below that of a grain think tank, which expected a record 4.8 million tonnes.