China Soybean pricess stable
May 27, 2011
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 MAY SOYBEAN IMPORTS LIKELY 54LT,UP 40% FROM APRIL & 24% ON YEAR, CHINA JUNE IMPORTS LIKELY 48LT.
CHINA 2010/11 IMPORT FORECAST 530 LT & PRODUCTION 152 LT , CHINA JUNE 11 SOYBEAN IMPORT LIKELY UP 22% TO 55.7LT FROM MAY.
China soybean imports likely to recover in second half of this year from the sluggish demand seen since late last year.
china to increase soya seed buying in coming weeks due to low stocks & smaller than expected soya seed crop.