NEWS
China Soybean Imports Down
Tue Sep 4, 2012 08:08 AM CDT

BEIJING (Dow Jones) -- China's soybean imports will likely fall below 7 million metric tons in the September-October period, the state-backed China National Grain & Oils Information Center said Tuesday.

The country's soybean imports in August may reach 4.7 million tons, up from an earlier forecast of 4.5 million tons, it said in a report.

China's Ministry of Commerce on Monday lowered the estimate for August soybean imports to 4.53 million tons from its earlier forecast of 5.3 million tons.

Crushers have slowed purchases of imported soybeans amid declining profit margins and little scope for raising edible oil prices, the ...

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