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China's Soybean Imports from Argentina Increase 328%

China turns to Argentinian beans as Brazilian inventories deplete

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Amid trade tensions with the U.S., China's July soybean imports from Argentina increased 328% month on month and 269% year on year to 1.07 million mt, according to customs data.

According to a report at S&P Global Platts, the focus in China might turn to Argentinian soybeans, world's third largest soybean exporter, as Brazilian inventories are expected to deplete in the coming months, sources said.

China's soybean imports from Brazil in July totaled 6.42 million mt, up 17% month on month, the data showed.

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