Home > Financial Crisis > Financial News
China's Soybean Imports Surge in 2008
[2009-02-12 12:49:57]
|
China imported 37.44 million tons of soybeans last year, 21.5 percent more than that in 2007, China's General Administration of Customs said on Feb 11.
The value of the imported beans totaled $21.8 billion, with a 90.1 percent increase year-on-year and the average price jumped 56.5 percent to $582.7 per ton over previous year.
Imports from the US, Brazil and Argentina accounted for 98.7 percent of the total, the Customs said.
However, as the average price of the imported beans kept falling in the second half, domestic soybeans' market share further shrank as more food processing companies shifted their focus to imported beans.
|
| Source:chinadaily.com.cn |
|
|
Related Articles:
Most Read
- Profits in China's State Firms Fall 17.6% in First 9 Months
(2009-10-20) - China Can Build ′Green Economy′ by 2030
(2009-03-02) - Dollar Mixed as Investors Waiting for European Rate Decision, U.S. Job Report
(2009-04-02) - Dollar Rises Against Major Currencies
(2009-01-15) - PM: Japan to Provide $17 Bln for Asian Countries to Boost Growth
(2009-02-01) - Assets of Foreign Banks in China Up 7.37% in 2008
(2009-03-16) - Medvedev Lauds Gov't's Efforts to Handle Economic Crisis
(2009-09-10) - Chinese Shares Sink 4.7% on Investors' Economic Concerns, Regional Losses
(2009-02-19) - US Firms Upbeat about China
(2009-05-13) - HSBC: China's Economic Growth Likely Back to Well Over 8% in Q2
(2009-01-19)
Related Photos
 |
Jobs Increase in Second Quarter |
|
Chinese Shares Hit one-year High, Driven by Heavy Weights |
|
Uncertainty Overshadows FDI into China - Special |
|
US Firms Upbeat about China |
|
Power Output Dip Seen for April |
|
Spending on Core Sector Up |
|
China's Foreign Reserves Hit $1.95 Trillion at End of March |
|
China's Feb. Trade Worst in Decade as Global Downturn Deepens |
|
Chinese Banks Profit up 30.6% in 2008 |
