Chinese crushers suffer from rollercoaster U.S. soybean prices (3)

"Crushers that rely on overseas supply are likely to post losses this year," Zhang Lanlan, an analyst with industry service provider intl.sci99.com, added.

China imports around 80 percent of its total soybean consumption, as foreign soybeans are much cheaper.

Statistics released on November 10 from China's customs showed that China imported 48.34 million tonnes of soybean in the first 10 months of 2012, up 16.6 percent y-o-y.

Chinese producers imported 497 tonnes and 403 tonnes of soybean in September and October, respectively, when the prices were sky-high, data showed.

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