China Imports Record Amount of Soybeans from Brazil
Country brought in 10.51 MT of oilseed in June, up 91% from 5.5 MT in previous year
China’s soybean imports in June from top supplier Brazil soared to a record high, according to customs data released on Sunday, driven by growing demand for soybeans as China’s pig herd recovers after deadly outbreaks of African swine fever, reports Reuters.
The world’s top soybean buyer brought in 10.51 million tonnes of the oilseed from the South American country in June, up 91% from 5.5 million tonnes in the previous year, data from the General Administration of Customs showed. The June figures were also up 18.6% from May imports from Brazil at 8.86 million tonnes.
China brought in 267,553 tonnes of soybeans from the United States in June, down 56.5% from 614,805 tonnes in the previous year. Imports fell 45.6% from 491,697 tonnes in May.