China Soybean Imports to Speed Up
Lin Tan DTN China Correspondent
Thu Aug 8, 2013 02:49 PM CDT

BEIJING (DTN) -- China's soybean imports in the first half of this year decreased 5% to 27.5 million metric tons (1.01 billion bushels) from last year's 29.1 mmt (1.07 billion bushels), according to statistics from China Customs. But soybean import volume caught up in July, reaching a historically high monthly volume.

Soybean imports are expected to increase in the second half of the year, with total soybean imports reaching 61 mmt (2.24 billion bushels) by the end of 2013.

Higher U.S. production and lower prices for U.S. new-crop soybeans will help China to expand imports in 2014. China Oil and ...

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