China soybean prices stable because demand from crushers slow , Port stock rise 63LT from crushers slow , port stock rise 63LT from 67000 Tons last week . Production 140LT against 152 LT last year, 80% demand met by imports.
china to increase soya seed buying in coming weeks due to low stocks & smaller than expected soya seed crop.
China soybean imports likely to recover in second half of this year from the sluggish demand seen since late last year.
CHINA 2010/11 IMPORT FORECAST 530 LT & PRODUCTION 152 LT , CHINA JUNE 11 SOYBEAN IMPORT LIKELY UP 22% TO 55.7LT FROM MAY.
CHINA MAY SOYBEAN IMPORTS LIKELY 54LT,UP 40% FROM APRIL & 24% ON YEAR, CHINA JUNE IMPORTS LIKELY 48LT.