China projected to import 14.2mn T soy in 4Q

BEIJING: China will likely import a total of 14.2 million tonnes of soybeans in the last quarter, the China National Grain and Oils Information Center said in its daily report on Monday.

If the projection is confirmed, that would be a 3.0 percent fall from 14.64 million tonnes it imported in the same period last year.

The country is expected to import 4.3 million tonnes, 5.2 million tonnes and 4.7 million tonnes of the crop in October, November and December, respectively, said CNGOIC.

It also estimated China would import 4.6 million tonnes of soybeans in January 2012.

China imported 33.58 million tonnes of soybeans in the first eight months of this year, according to customs data.