(Bloomberg) -- China, the world's biggest soybean buyer, may import 30 million metric tons of the oilseed this year, 1 million tons below a previous forecast because of reduced feed demand, the China National Grain & Oils Information Center said.
Hog diseases and avian flu hurt the nation's livestock and poultry industry, cutting expected feed demand, the state-owned market forecaster said in a report today. The projected imports in the marketing year ending Sept. 30 are still up from 28.3 million tons a year ago.
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