News last update:6 Aug 2012

China to close small soybean crushers

The National Development and Reform Commission in China will limit soy processing capacity at 75 million tonnes a year in 2010 and further reduce that to 65 million tonnes in 2012.

China will therefore close small soybean crushers while restricting expansion by big plants.

The commission will not approve new facilities or expansion by individual soy plants or groups that already process more than 15 percent of the country's annual total.

[Source: Reuters]

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