Monday, 10 June 2019
In may, China reduced the import of soybeans by more than 20%
According to the official data of the customs service of China, in may the country imported 7.36 million tonnes of soybean, which is inferior to the result of the previous month (7.64 million tons) and 24% lower than the corresponding period a year earlier (9.69 million tonnes), according to Reuters.
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In General, since the beginning of this year (January-may) China imported 31.75 million tons of oil, which is 12,2% less than in the corresponding period last year.
According to estimations of market operators, the reduction in shipments of soybeans to China was due to the growth of tariffs on imports of U.S. oilseeds, as well as a decline in domestic demand for soybean meal due to the frequent outbreaks of ASF in the country.
photo:
yenicag.EN
Translated by service "Yandex.Translation"
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