Amadeusz Juskowiak

Japan buys some 95000 tonnes soybeans from china

Japanese importers bought some 95000 tonnes of Chinese soybeans late last month for May to September shipment under the semiannual trade accords trade sources said

The FOB premium rose to 1350 dlrs per tonne up 250 dlrs from the premium for the November to April shipment but down from 1380 for the last May to September shipment

Flat prices for Chinese beans are based on futures prices in Chicago plus the FOB premium

Japanese purchases of Chinese soybeans including spot buying may have totalled 240000 to 250000 tonnes of the 1986 crop for November to April 1987 shipment down from some 300000 tonnes the previous year the sources said

Domestic demand for edibleuse soybeans is expected to remain stable at about 240000 to 250000 tonnes a year the sources said

In recent years Japanese importers have overbought Chinese edibleuse soybeans and sold the surplus to domestic crushers but low 1986 US Crop prices have discouraged the purchase of Chinese origin beans for crushing they said

REUTER