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China September Soybean Imports Ease

Falling animal feed demand to blame

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China’s soybean imports in September fell 13.5% from the previous month, customs data showed on Monday, as an epidemic of African swine fever that has slashed China’s pig herd reduced demand for soymeal, reports Reuters.

China, the world’s top market for soybeans, brought in 8.2 million tonnes of the oilseed in September, down from last month’s 9.48 million tonnes, according to data released by the General Administration of Customs.

Still, the figure was above 8.01 million tonnes in the same month a year ago, with importers stepping up buying of Brazilian beans on worries of supply shortages amid a festering Sino-U.S. trade war.

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