China: 2013/14 soybean production projected down on year

13.03.2013

The US agricultural attaché projects China’s soybean production to decrease in marketing year 2013/14 (Oct/Sep) to 12.0 mln t from the 12.5 mln t in the year before. Imports are seen at 65.5 (63.0) mln t, crush at 66.6 (64.5) mln t, and ending stocks at 15.0 (15.4) mln t.Soymeal production in marketing year 2013/14 is projected at 52.7 (51.1) mln t, exports at 800,000 (1.0 mln) t, and domestic use at 52.0 (50.2) mln t. Soyoil output is estimated at 11.9 (11.5) mln t, imports at 1.8 (1.7) mln t, and domestic use at 13.5 (12.5) mln t.
(USDA, Mar. 12, 2013)