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Soybean import grows 25.6% in 1st 10 months
(Xinhua)
Updated: 2008-12-28 17:07
The arrivals were valued at $18.73 billion, up 120 percent. The dramatic increase is due to higher soybean prices. The imports were priced at $607.70 per ton, up 75.1 percent. Of the total imported soybeans, 56.6 percent, or 17.45 million tons, were bought by foreign-funded companies. That is up 10.4 percent. Brazil, the United States and Argentina were the top three sources of China's soybean imports. Between January and October, China bought 11.14 million tons of soybeans from Brazil, up 18 percent, 10.61 million tons from the United States, up 18 percent, and 8.61 million tons from Argentina, up 46.6 percent. The three accounted for 98.5 percent of China's total soybean imports. (For more biz stories, please visit Industries)
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