China has imported 500,000-600,000 tons of soybean to fill its state reserves, buying now takes advantage of the lower global prices. China, which buys 60 percent of soybeans traded across the world, aims to import a total of 2 million tons in the 2011/12 year, and the latest purchases appear to have fulfilled more than 60 percent of its target. China soybean imports are likely to climb more than 10 percent to around 58 million tons in the year to September 2012 as the nation ramps up pork production to ease tight supply, and food inflation. Read more ...
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