Chinese increases soy purchases from Brazil in April

11 May 2010

Beijing, China, 11 May – China imported 4.2 million tons of soy from Brazil in April, a rise on 5 percent against the previous month, according to figures published in Beijing by China’s Customs service.

According to the same figures, Chinese soy imports rose 9.9 percent in the first four months of the year against the same month of 2009.

Import figures for May area expected to rise as some shipments have been delayed until the end of May or June and greater demand is expected from cattle rearers.

Some animal feed companies are using more soy bran rather than colza and cottonseed bran, as is the case with companies in Shandong, northern China, which have increased their use of soy bran by 10 percent.

Cotton production in China has fallen by over 10 percent in the last year.

The China National Grain and Oils Information Centre estimates that soy imports in May and June may reach record highs of over 5 million tons per month.

In 2009/10 Chinese spy imports are expected to total a record 44 million tons, a 7.3 percent year on year rise, according to projections from the China National Grain and Oils Information Centre. (macauhub)