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China’s soybean imports climb to highest since 2004

Posted on 14 October 2008

From Chinapost.com.tw: Soybean imports by China, the world’s biggest buyer, jumped to the highest since 2004 last month as importers bought supplies before import tariffs increased. The country shipped in 4.1 million metric tons.

That’s 8 percent more than August and the highest since at least 2004, Bloomberg data shows. China’s tax on imported soybeans was restored to 3 percent from 1 percent at the start of this month after a temporary cut expired, according to the state-owned China National Grain and Oils Information Center…… Full Article: Source


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