Skip to content
Subscriber Only

China Soybean Imports to Advance by 14%, Oil World Says

China will import 14 percent more soybeans in the first three months of 2012 than a year earlier because of declining oilseed output and rising demand, Hamburg-based Oil World said.

The Asian nation will import 12.5 million metric tons of soybeans from January through March this year, the oilseed researcher said in a report. Shipments to China totaled 4.12 million tons in January, up from 3.77 million tons in December, according to the report. Soybean exporters in the U.S., expected to be the second-biggest shipper behind Brazil in 2011-12, sold 2.923 million tons to China in the biggest one-day deal on record, the U.S. Department of Agriculture said Feb. 17.