Bloomberg News

Chinese Soybean Processing May Increase 5.9%, Oil World Says

April 03, 2012

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.

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.


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