Soy imports from EE. UU. Since China in July has tripled compared to the same month of last year, according to customs data shown on Sunday, with the arrival of cargo scheduled by Chinese state-owned companies during a trade truce between the two countries.
China, the largest buyer of soybeans in the world, purchased 911,888 tons of American oil seeds in July compared to 308,127 tons the previous year. The heap also represented a maximum of 48.3% compared to June.
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Beijing placed 25% arances on a list of US products, including soybeans, in July of last year, in response to similar measures from Washington on Chinese products, which led to US soybean shipments at a virtual death point.
Chinese state-owned companies have resumed some purchases after a bilateral truce in December, but tensions between the largest global economies have intensified again in recent weeks, creating confusion in the market.
Meanwhile, soybean imports from China in July of the largest supplier, Brazil, amounted to 6.42 million tons, 8.91 TP3T less than 7.04 million last year, but increased 16.81 TP3T compared to 5.498 million tons in June.
Total soybean imports from China in July increased in the same month last year due to the arrival of American shipments and greater crushing margins, even though soybean demand in China was affected by outbreaks of African swine fever in its herd porcine.
Source: agrolink
