China's march soybean imports estimated at 3.91 mln tonnes

China's Ministry of Commerce (MOC) said that China's soybean import is estimated to hit 3.91 million metric tonnes in March, which marks the second time that MOC up adjusts its prediction for the soybean imports.
The forecast means China's soybean imports post recovering growth after showing significant decline in February.
China's soybean imports fell 21 per cent year on year in February to 2.32 million tonnes, which was less than half of January's imports.
MOC predicted in the previous month that China's soybean import in March to reach 3.16 million tonnes, then raised its prediction to 3.65 million tonnes in early March.
MOC also predicts that China's soybean imports to reach 3.42 million tonnes in April.
China is the largest soybean importer in the world. It imported 54.8 million tonnes of soybean in 2010, up 28.8 per cent from 2009.

(Source: http://www.blackseagrain.net/about-ukragroconsult/news-bsg/chinas-march-soybean-imports-estimated-at-3.91-mln-tonnes)