Soybeans: Chinese Ministry of Agriculture lowers estimate for imports
Aug, 16, 2022 Posted by Gabriel MalheirosWeek 202233
The Chinese Ministry of Agriculture lowered its estimates for soybean imports on Friday, August 11, in the 2021/2022 harvest to 91.02 million tonnes, down 1.98 million tonnes from the previous month’s forecast.
Heavy losses from the swine industry reduced demand for soybean meal, which explains the downward review.
Imports will drop 8.8% from a year earlier, said the report by China Agricultural Supply and Demand Estimates (CASDE), which also lowered its estimates for edible oil production by 320,000 tonnes to 27.68 million tonnes.
Source: Money Times
To read the full original article, please go to: https://www.canalrural.com.br/radar/soja-ministerio-da-agricultura-chines-reduz-estimativa-para-importacao/
Related Post
-
Ports and Terminals
Oct, 27, 2020
0
Brazil exported 30% less meat to Arab countries between Jan-Sept 2020
-
Mar, 27, 2024
0
Port of Baltimore bridge collapse rattles supply chains already rocked by troubles in Panama and the Red Sea
-
Grains
Feb, 19, 2024
0
Brazilian Agribusiness Registers Record-Breaking January at Dawn of 2024
-
Economy
May, 05, 2020
0
Agribusiness exports grow 17.5% in first four months of 2020