China’s soybean imports fell 13% in January from the same month a year earlier, customs data showed on Thursday, as a hefty duty imposed on shipments from the United States, its second-largest supplier, curbed purchases.
Reuters reports China brought in 7.38 million tonnes of soybeans in January, down from 8.48 million tonnes a year earlier, preliminary data from the General Administration of Customs showed. January’s imports were up 29% from 5.72 million tonnes in December.
