China, the world's largest soy buyer, imported 4.56 million tonnes of soybeans in May, up 17.5 percent from 3.88 million tonnes in April, figures from the General Administration of Customs of China showed on Friday. Despite negative crushing margins, Chinese crushers have increased imports to take advantage of peak seasonal demand for animal feed from June.
May imports were also slightly higher than the year-ago period at 4.37 million tonnes. But imports in the first five months fell 1 percent from a year-ago period to 19.4 million tonnes, according to Customs figures. Rice exports in May rose 63 percent from April to 68,646 tonnes. China's corn exports surged 177 percent in May to 27,491 tonnes. China mainly exports to North Korea.
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