Slow down the arrival of imported soybeans in early September
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Last Update: 2002-09-12
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Source: Internet
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Author: User
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Introduction: Chicago, Sept 11 news: Beijing trade sources said on Wednesday that the arrival of imported soybeans began to slow down in early September due to the upcoming domestic soybean harvest in the next few weeks and the high soybean prices in the international market According to people familiar with the latest report of COFCO import and Export Corporation, the total number of imported soybeans arriving at the port is estimated to be no more than 200000 tons from September 1 to 10, with only four ships arriving at Dalian, Yantai, Chiwan and Zhangjiagang respectively The number of arrivals for the rest of September is expected to reach 500000 tons, so the total import volume this month is 700000 tons, which is much lower than the 1.1 million tons predicted by COFCO analysts in the previous report It is unlikely that the number of soybeans arriving in Hong Kong will increase in the next few weeks, because most local crushing enterprises in the north will choose the newly harvested soybeans, which will reduce the import quantity in September However, the report believes that as most of the imported soybeans are ordered by crushing enterprises, there are still quite few soybeans in circulation channels Before the new soybeans enter the market in October, the supply in the domestic soybean market is still very tight (author:) share to feed Weibo share to:
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