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Soybean imports will grow by 5.5% in China in 2015/16

Pubtime:2015-06-02Author:Source: Hits:

According to China National Grain and oil information center data forecast, as the world's largest soybean importer and China will import 7.7million tons of soybeans in the 2015/16 , an increase of 5.5%. Due to soybean acreage fell by 10.3%, the annual soybean production is expected to fall by 9.5% in China this year and it will be 11 million tons .At present, China's 60% soybean rely on imports and mainly from Brazil, the United States and Argentina.