China June soybean imports fall on year

12 Jul, 2019

China brought in 6.52 million tonnes of soybeans in June, down from 8.7 million tonnes last year, according to Reuters calculations based on data from the General Administration of Customs. China brought in 7.36 million tonnes of soybeans in May.

While Chinese buyers last year scooped up Brazilian supplies in anticipation of hefty tariffs on U.S. cargoes, importers this year were better prepared with stocks. At the same time, swine fever has slashed pig numbers and cut demand for feed.

Copyright Reuters, 2019

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