By
China, by far the world's top soybean importer, is expected to import about 57 million tonnes for the year ending Aug. 31, 2012, versus 53-54 million tonnes the year before, Danny Murphy, treasurer at the American Soybean Association, told Reuters.
"China is such a huge, huge market for US and for Brazilian and Argentina beans," said Murphy in an interview. "They've been increasing at such a strong pace, I would expect it to continue to grow at at least 5 percent or more."
Copyright Reuters, 2011