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China's July soy imports seen at 4.78mn T: Commerce Ministry
BEIJING : China, the world's largest soy importer, is expected to import 4.78 million tonnes of soybean in July, down fr
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BEIJING: China, the world's largest soy importer, is expected to import 4.78 million tonnes of soybean in July, down from an estimated 5.38 million tonnes in June, China's commerce ministry said in a statement seen on Tuesday.
The estimate for July was lower than the 4.9 million tonnes imported in July 2010 and the ministry's June figure was also lower than the year-ago period's 6.2 million tonnes. China's soy imports have slowed after large releases of state reserves, aimed at cooling inflation, hurt crushing margins.
Copyright Reuters, 2011
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