Soybean Stocks in China Declined for the Fourth Week in a Row

Stocks of soybeans in China decreased by 5% to 4.6 million tons in the week that ended on September 23, according to data from CNGOIC (China National Grain and Oil Information Centre). As experts note, this is the fourth consecutive weekly decline, which indicates a high demand for oilseeds from oil mills.

In particular, from 17 to 23 of this month, the volume of soybean processing increased by 5% to 2.2 million tons, which is also 5% higher than in the same period a year earlier.

Stocks of soybean meal in the country for the week increased by 9% to 840 thousand tons (+9% for the month; +98% from a year earlier), soybean oil – by 2% to 910 thousand tons (-1%; +20%).

Import/Export Statistics

Please click to reach our marketplace

Related posts:

China May Import 100 Million Tons of Soybeans Oilseeds Continued to Be Under Pressure – Brazil Harvest Estimate Depresses Prices Oilseed Prices Soften Except for Sunflower Seeds Expectations for Rape, Sunflower, Soybean Harvest in the EU Demand for Soybeans in China Will Remain Weak Until May Brazil Has Completed Sowing and Started Harvesting Soybeans Louis Dreyfus: Fire at Largest Soybean Processing Plant United Soybean Board Elects Ralph Lott as New Chair