China Soyabean Imports Up 35% In January

Soyabean trading range for the day is 3059-3109.Soyabean prices gained supported by speculation that China, has bought several US bulk cargoesArrivals across Madhya Pradesh were around 140,000-130,000 bags of 90 kilograms compared to 135,000-100,000 bags of 90 kilograms.NCDEX accredited warehouses soyabean stocks gained by 2230 tonnes to 193653 tonnes.At the Indore spot market in top producer MP, soybean gained 8 Rupees to 3083 Rupees per 100 kgs.

 As per the latest data compiled by the General Administration of Customs China , the country has imported 7.66 million tonnes of soybeans in January. The imports were up 35 % from last year in the same period , while 15 %down from last month.

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