Source: PROGRESSIVE FARMER, 10/16/17


China will import 95 million metric tons of soybeans in 2017/18 crop year, (3.49 billion bushels) then keep increasing imports an average 3.5 million tons per year for the following five years. In total, the country plans to import 110 mmt of soybeans (4.4 billion bushels) in 2022, said Liwei Zhang, director of market information at China Grain and Oil Information Center (CGOIC).

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