Soybean imports in May set to rise
China, the world's largest soybean importer, will increase imports in May as demand rebounds following a slowdown due to bird flu, according to a specialist publication. Soybean is a key component of animal feed.
Oil World, a German magazine, predicted that China's soybean imports in May will rise to 6 million metric tons from 5.3 million tons a year ago.
"China's imports will grow dramatically in May," it said.
And demand will continue to rise, it said.
The magazine expects imports of the bean to hit 7 million tons in June, compared with 5.6 million tons last year.
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