China will import more oilseed as domestic production slows

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Source: Bloomberg
© Scanpix/Reuters
China is expected to import more oilseed as country's domestic production of the commodity falls to a multi-year low, according to Oil World. Oilseed production is expected to drop by 2 million tons to 48 metric tons in the 2013-14 season, which starts on August 1. China's soybean imports probably were 43% higher in June compared to the same month a year earlier.
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