08.
06.15
09:17

China's soy imports could rise to record levels in June

The Chinese soybean imports in may rose to 6.13 million tonnes to 2.7% for the same month of the previous year; Soybean imports should rise further in the coming months, so strike wages probably come under pressure.
Imports rose due to a bumper crop in South America, is meanwhile mainly supplied from where although there was recently been cancelled. On the April imports, deliveries by 15.4% increased the may. It is expected that June imports even with estimated 8,5 million tons could bring new monthly records. Soy meal prices in China have reached meanwhile has an eight-year low. Also lower mast herds contributed for the soybean meal is used as animal feed. Manufacturers of compound feedingstuffs mourn a poor demand due to the lower prices, and loss of income.
China is the biggest importer of oilseeds in the world with 60% of the world's traded volume. In the first five months of this year, imports grew 2.7% to 27,04 million tonnes fell. In addition, China imported 470,000 tons of edible oils (- 19% to may 2014) in May. In the first five months, imports fell by 33.3% to 2.05 million tons. Included are all edible oils from Palm, soy and rapeseed.

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