Chinese imports of Argentine soybean rise 328% in July
Aug, 28, 2019 Posted by Sylvia SchandertWeek 201936
Amid trade tensions with the US, Chinese soybean imports from Argentina in July increased 328% in the month and 269% in the year, to 1.07m tons, according to Chinese customs data.
According to market sources, China may resort to Argentine soybeans, the world’s third largest soy exporter, as Brazilian stocks are expected to run out in the coming months.
Brazilian soybean imports from China in July totaled 6.42m tons, up 17% month-on-month, according to the data.
Other major soybean suppliers to China in July were the US (910,000 tons) and Uruguay (160,000 tons), according to a Chinese customs report released on 08/25.
Source: Hellenic Shipping News
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