CROPS NEWS
China Soy Imports to Grow Slowly
Wed Nov 7, 2012 08:23 AM CST

BEIJING (Dow Jones) -- China's imports of soybeans are expected to grow at a much slower pace in the next five years, as growth for feedmeal and edible oil demand will slow, an executive from China Grain Reserves Corp., or Sinograin, said Wednesday.

Soybean imports by China, the world's largest importer, will likely increase by 3 million-4 million metric tons annually in the next five years, representing average annual growth of 5%-6%, Chen Xuecong, vice general manager of the company's edible oil unit, told an industry conference in Guangzhou. His remarks are published on Sina.com.cn.

This compared with double-digit growth ...

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