Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)

http://www.shanghaidaily.com/sp/article/2008/200812/20081229/article_386261.htm

Imports Of Soybeans Jump Nearly 26%

Created: 2008-12-29

CHINA imported 30.82 million tons of soybeans in the first 10 months of this year, a jump of 25.6 percent on the same period last year, the General Administration of Customs said yesterday.

The imports were valued at US$18.73 billion, a surge of 120 percent.

The imports were priced at US$607.70 per ton, up 75.1 percent.

Of the total imported soybeans, 56.6 percent, or 17.45 million tons, were bought by foreign-funded companies, representing a rise of 10.4 percent.

Brazil, the United States and Argentina were the top three sources of China's soybean imports. They accounted for 98.5 percent of China's total soybean imports.

Xinhua

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