date:Mar 29, 2013
fitable periods. This would also increase the utilisation rate for Chinese crushers, which might contribute positively to earnings. Under such a scenario, exports would also potentially become competitive with respect to direct shipments of US soymeal to South East Asia.
Second, the case for China would become even stronger if the Chinese government formally allowed fiscal treatment of soymeal exports as a re-export and for VAT to be reimbursed as it is by other governments in Asia. A rough est