China's November soyabean imports from US rise as tariff-free cargoes arrive

China's November soyabean purchases from the United States surged from a year earlier, data showed on Wednesday, as cargoes booked by importers with tariff-free quotas cleared customs.

China brought in 2.56 million tonnes of US soyabeans, up from zero a year ago and 1.147 million tonnes in October, after Beijing issued waivers to exempt importers from hefty tariffs for some American cargoes.

Shipments of US soyabeans plunged in the same month last year as buyers stayed clear of the US market after Beijing slapped hefty tariffs on a list of American goods including soyabeans in a tit-for-tat trade war.

China resumed buying US cargoes after the countries agreed to a truce in their trade war in December last year.

Crushers have made more rounds of purchases of US beans in recent months after Beijing issued tariff-free quotas in a goodwill gesture to Washington.

Also in November, China brought in 3.86 million tonnes of soyabeans from Brazil, down 24% from 5.07 million tonnes in the same month last year.

US soyabeans usually dominate the market in the fourth quarter as the autumn harvest kicks in.

Brazilian shipments were slightly up from last month's 3.793 million tonnes, as buyers stocked up ahead of China's Spring Festival holiday, a peak season for meat and oils.

China brings in soyabeans to crush into cooking oil, and soyasmeal to feed its massive livestock sector.

Demand for soyabeans has been curbed by a severe African swine fever disease that has decimated China's massive pig herd and left a huge gap in supply of its favourite meat.

However, China's pig herd has started to recover in recent months, the government said, following a series of measures to boost production.