China's soybean imports rose 18% this year through July versus a year ago, as large volumes of soybeans bought cheaply from top supplier Brazil arrived in the country, according to data from the General Administration of Customs.
BEIJING - China’s soybean imports rose 18% this year through July versus a year ago, as large volumes of soybeans bought cheaply from top supplier Brazil arrived in the country, according to data from the General Administration of Customs.
China, the world’s biggest buyer of soybeans, brought in 10.09 million tonnes of beans last month, up from 8.63 million tonnes in July 2019 but below June’s record 11.16 million tonnes, the customs data showed. Soybean and soymeal inventories in China have risen significantly after hitting record lows earlier this year as the Brazilian cargoes replenished supplies.
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