China imports 4.2 million tonnes of soybeans in November, down 27% from year-ago period but up 3.2% from October, data shows; country imports 920,000 tonnes of edible oil in November, up 37% year-over-year

BEIJING , December 11, 2012 () – 1. Autumn grain purchases in China are faster on a year-on-year basis and purchase prices maintain stable, the State Administration of Grain said in a report published on its website Monday.

By the end of November, grain operators across the country had purchased more than 37.18 million metric tons (tonnes) of autumn grain from farmers, up 2.14 million tonnes over the same period of last year.

To be specific, purchases of middle and late-season rice and corn respectively reached 21.19 million tonnes and 15.28 million tonnes, representing increases of 405,000 tonnes and 1.98 million tonnes year on year, while soybean procurement dropped 246,000 tonnes to 721,000 tonnes due to a slump of soybean output this year.

Meanwhile, purchase prices of grain crops hold stable with middle and late-season rice prices at 2,560-2,700 yuan/tonne, corn prices at 2,060-2,200 yuan/tonne and soybean prices at 4,500-4,700 yuan/tonne.

2. China imported 920,000 metric tons (tonnes) of edible oil in November, a jump of 37 percent from the same period of last year, according to the latest data provided by the General Administration of Customs.

In the first 11 months of this year, the country's edible oil imports totaled 7.33 million tonnes, up 25.6 percent year on year.

3. China imported 4.16 million metric tons (tonnes) of soybeans in November, a slump of 27 percent from the same period of last year but representing a rise of 3.2 percent from a month earlier, according to the latest data provided by the General Administration of Customs.

The figure is significantly lower than the Ministry of Commerce's earlier estimate of 5.09 million tonnes

In the first 11 months of this year, the country's soybean imports totaled 52.49 million tonnes, up 11.4 percent year on year.

(Contributed by Liu Xiaoyun, liuxy08@xinhua.org; edited by Shi Chunjiao, shichunjiao@xinhua.org)

(c) 2012 Xinhua News Agency

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