Friday, March 23, 2012

RTRS-UPDATE 1-China March soy imports seen up 33 pct -ministry

BEIJING, March 22 (Reuters) - China, the world's top soy buyer, is expected to import 5.1 million tonnes of the oilseed in March, an increase of 33 percent from February, the commerce ministry estimates, as crushers step up imports and feed mills
boost soymeal purchases.

China's soy imports in the first half of this year could rise 25 percent from a year ago, fuelled by strong demand from animal feed producers, an official think-tank said in a report.

The ministry also expects the country's canola imports in March to be 320,508 tonnes, a rise of 69 percent over actual arrivals in February.

The ministry data, based on reports by buyers, may not be in line with the March numbers that will be published by customs next month, but still provides a reference to gauge supplies.