China, the world’s largest oilseed processor, may increase so-called crushing of soybeans by 5.9 percent in the year ending in September, Oil World said.
Processing may rise to 56.3 million metric tons from 53.15 million a year earlier, the Hamburg-based researcher said today in a report. China will account for about 25 percent of world soybean crushing in the current period, according to Oil World. Global processing may gain to 225.5 million tons from 221.5 million a year earlier, it said.
Chinese processing of 10 oilseeds may advance to 85.8 million tons in the current period, or 22 percent of the global total, from 81.4 million a year earlier, according to Oil World.
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