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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

27/10/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

OILWORLD

CATEGORY

HEADLINE

US soybean exports to China are very impressive
26/10/04 - U.S. soybean exports continued to increase seasonally to 43.3Mn bu in the week ended Oct 24, thereof about 50% to China. Last week’stotal exports were slightly revised upward by 0.2 Mn bu to 36.5 Mn bu.Though below the year-ago level in the latest week, cumulative exportssince Sept 1 are well above the year-ago level at 142.5 Mn bu (up 9%).Soybean exports to China are very impressive. This is linked to the hugepent-up demand in China caused by the low imports and the resulting sharpdecline in Chinese stocks in preceding months.