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China’s June soybean imports hit monthly record
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The Cattle Site
China’s June soybean imports hit monthly record Brazil dominates supply amid trade tensions with USChina's soybean imports hit the highest level ever for the month of June, a Reuters calculation of customs data showed on Monday, driven by a surge in shipments from top supplier Brazil.
The world's largest soybean buyer brought in 12.26 million metric tons in June, up 10.35% from 11.11 million tons a year earlier.
According to shipping data provider Kpler, China imported 9.73 million tons of soybeans from Brazil in June, while shipments from the US totalled just 724,000 tons.
Soybean arrivals in China for July are expected to total 10.48 million metric tons, compared with 9.85 million tons a year earlier, based on average estimates from one trader and two analysts.
"Recent data shows Brazil's weekly shipments remain high, reinforcing expectations of strong soybean imports into China through July and August," Wan said.
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