Soybean overseas buys hit record high in 2010
By William Bi | China Daily | Updated: 2011-01-11 07:56
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Shoppers walk past bottles of soybean oil at a supermarket in Beijing. China is forecast to account for almost 60 percent of the global trade in the oilseed, the US Department of Agriculture said on Dec 10. Doug Kanter / Bloomberg |
BEIJING - China, the world's biggest buyer of soybeans, boosted imports by 29 percent to a record in 2010 as the domestic crushing industry expanded to supply higher consumption of livestock feed and cooking oil.
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