Chinese soybean imports from the United States were down 62% in July from the same month a year earlier, while shipments from Brazil, the main supplier to the Chinese market, were up 32%, as data showed on August. impulse of an abundant harvest and lower Brazilian prices.
China, the world’s biggest buyer of soybeans, imported 142,130 tonnes of the oilseed from the United States in July, up from 377,200 tonnes the previous year, data from the General Administration of Customs showed. Chinese soybean imports from Brazil increased by 32.4% in July from a year earlier to 9.23 million tonnes.
From January to July, China imported 38.9 million tons from Brazil, up 12.2% year-on-year. Brazil accounted for 63.5% of soy imports from China in the year.
(Source: Forbes África Lusófona)