China Imported A Record 5.25 MMT Of Soybeans In December

China's Commerce Ministry says that the country imported a record 5.25 MMT of soybeans in December. That's more than 50% up on the 3.3 MMT imported in December 2008.

The country also imported 124,500 MT of soyoil, almost 400,000 MT of palm oil and nearly 40,000 MT of rapeseed oil during the month. In addition nearly 220,000 MT of rapeseed was brought into the country.

The Ministry estimate that soybean imports in January will fall back to around 3.3 MMT.