US soy­bean ship­ments hit new high

China Daily (Canada) - - NEWSCAPSULE -

China will im­port a record quan­tity of soy­bean from the US dur­ing the 2013-14 mar­ket year (Sept 2013 - Aug 2014) be­cause of strong do­mes­tic de­mand for feed, ed­i­ble oil and meat.

China, the big­gest in­ter­na­tional buyer of US soy­bean, agreed to im­port 27.5 mil­lion met­ric tons of soy­bean from the US dur­ing the 2013-14 mar­ket year, up 22 per­cent on a year-on-year ba­sis.

“China’s ris­ing de­mand for soy­beans is mainly driven by a change in people’s di­etary habits. They have shifted from grains to more oil and meat,” said Zhang Xiaop­ing, di­rec­tor for China at the US Soy­bean Ex­port Coun­cil.

Soy­beans are widely used in China for cook­ing oil and an­i­mal feed. China’s soy­bean im­ports rose by 10 per­cent to 63.38 mil­lion met­ric tons in 2013 from a year ear­lier, ac­cord­ing to the Gen­eral Ad­min­is­tra­tion of Cus­toms.

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