[Industry Alert]General Administration of Customs: The Import Soybean in China S
[2009-02-25 09:21:27]
According to the preliminary statistics from General Administration of Customs, influenced by Spring Festival, the import of soybean in China dropped to 3.03 million tons in January, down 12%. The other import agricultural product in January was also lower than that in 2008.
The output of soybean in China was 16.5o million tons, up 30%. The government has announced to purchase 6 million tons home-grown soybean to protect farmers’ profit.
In accordance with analyst, the import soybean in February and March may exceed 3 million tons, because the government support to purchase home-grown soybean and sustain domestic price to attract the trade companies’ attention to import soybean in lower price.
The output of soybean in China was 16.5o million tons, up 30%. The government has announced to purchase 6 million tons home-grown soybean to protect farmers’ profit.
In accordance with analyst, the import soybean in February and March may exceed 3 million tons, because the government support to purchase home-grown soybean and sustain domestic price to attract the trade companies’ attention to import soybean in lower price.
Source: China Grease Net
Keywords:Soybean Slides
Related Articles:
- Dalian Imported Soybeans More in First Half 2017
(2017-08-23) - The U.S. Soybean Exports to China to Reach New High
(2013-12-12) - China's Soybean Consumption Relies Mostly on Import
(2012-11-21) - China's Soybean Imports to Reach Record High
(2012-10-29) - Soybean Imports Set to Rise This Year in China
(2012-10-23) - Thailand to Prolong Soybean Import Duty Preferences
(2012-08-21) - Soybean Imports to China Rapidly Up in Quantity in First Half 2012
(2012-08-16) - Russia to Raise Soybean Export Duty
(2012-08-08) - China to Raise Soyabean Imports Again by Oil World
(2012-05-30) - Soybean Imports to Shanghai Down in First 2 Months 2012
(2012-05-18)
