China's soybean imports are forecast to hit a record of 86 mmt in MY 2016/17 in anticipation of higher demand for industry feed and protein meal. Soybean import estimates for the MY2015/16 was 83 MMT. China's recent sale of stored oilseed and oilseed product reserves is expected to absorb market share of food soybeans and vegetable oils.
Information source: www.skymetweather.com
