Wednesday, October 13, 2010

Breaking News - RTRS - China MofCom lifts Oct soy import estimate to 4.1 mln T

BEIJING,Oct 12 (Reuters) - China's commerce ministry has revised upwards its estimate for October soy imports to 4.15 million tonnes, even with its estimate for September.

The figures are both higher than imports of 2.7 million and 2.5 million tonnes, respectuvely, from a year earlier, according to official Customs data.

Expansion of crushing capacity coupled with lower soyoil imports have spurred purchases of the oilseed. China imported a record 6.2 million tonnes in June.