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China’s May soybean imports from Brazil up 40% year-on-year

by Joy

On June 20, China imported 10.94 million tons of soybeans from Brazil in May, a jump of 40% from 7.79 million tons a year earlier, according to data from China’s General Administration of Customs.

Due to Brazil’s soybean harvest and its price advantage, China has increased its purchases of Brazilian soybeans this year.

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Arrivals in the first five months of the year were 20.15 million tonnes, almost on par with the 20.47 million tonnes in the same period last year.

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