Soy­bean im­ports from US soar

China Daily (Canada) - - NEWSCAPSULE -

Many Chi­nese com­pa­nies have turned to cheaper soy­beans from the United States in the past three months to avoid po­ten­tial ship­ping de­lays from South Amer­ica.

The or­ders, mainly from Septem­ber through De­cem­ber, were about 4.5 mil­lion tons higher than China’s soy­bean im­ports from the US for the en­tire 201213 mar­ket year, the US Soy­bean Ex­port Coun­cil said.

Soy­beans are widely used in China for cook­ing oil and an­i­mal feed.

“China’s ris­ing de­mand for soy­beans is mainly driven by a change in peo­ple’s di­etary habits. They have shifted away from hav­ing mostly grains on their plates to hav­ing more oil and meat,” said Shen Guiyin, deputy di­rec­tor of the re­search center of ru­ral econ­omy of China’s Min­istry of Agri­cul­ture. (Photo 4)

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