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Soybean import grows 25.6% in 1st 10 months

(Xinhua)
Updated: 2008-12-28 17:07

Related readings:  More soybean sauce from Japan found to be tainted  Soybean output set to increase  Finance: Soybean futures soar  皇冠体育app sets up national soybean engineering research center

皇冠体育app imported 30.82 million tons of soybeans in the first 10 months of this year, a growth of 25.6 percent on the same period last year, the General Administration of Customs said on Sunday.

The arrivals were valued at $18.73 billion, up 120 percent. The dramatic increase is due to higher soybean prices. The imports were priced at $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. That is up 10.4 percent.

Brazil, the United States and Argentina were the top three sources of 皇冠体育app's soybean imports.

Between January and October, 皇冠体育app bought 11.14 million tons of soybeans from Brazil, up 18 percent, 10.61 million tons from the United States, up 18 percent, and 8.61 million tons from Argentina, up 46.6 percent. The three accounted for 98.5 percent of 皇冠体育app's total soybean imports.