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China January Soybean Imports Slip 13%

China purchases were down 8.48M tonnes from a year earlier

Soybeans 2039638 960 7201

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.

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