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China's soymeal exports rise, sells up to 80,000 T
03.06.2011 12:43 "Agro Perspectiva" (Kyiv) —
China has sold up to
80,000 tonnes of soymeal to Japan and Vietnam in deals
signed in the last two weeks as slow domestic demand
prompts soybean processors to look for overseas markets,
traders said.
«There is supply push in China. Indian prices are much
higher and monsoon is likely to slow exports,» said one
executive trader with an international trading company in
Singapore. «Given the situation in India and China, it
makes sense for China to export.»
China’s soymeal exports in the first four months of this year
fell 68 percent to 118,931 tonnes. It sold 40,691 tonnes in
April, down almost 57 percent from a year ago.
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