⁍ China’s imports of soybeans from Brazil jumped 51.4% in September from a year ago.


⁍ China brought in 7.25 million tonnes of the oilseed from Brazil in September, up from4.79 million tonnes last year.


⁍ In total, China brought in 9.8 million tonnes of soybeans from all origins for the month of September, up 19% from the previous year.


– China, the world’s biggest buyer of soybeans, imported 7.25 million tons of the oilseed in September, up 51.4% from a year ago, according to customs data released Sunday. Reuters reports that China’s imports of soybeans from Brazil jumped 51.4% in September from a year ago, as cargoes purchased earlier in the year cleared customs. China, the world’s top buyer of soybeans, brought in 9.8 million tons of soybeans from all origins in September, up 19% from the previous year. China brought in 1.17 million tons of soybeans from the United States in September, down 32.4% from 1.73 million tons in the same month a year earlier, when shipments booked during a truce in the US-China trade dispute arrived. American cargoes were expected to rise in the fourth quarter, when the US beans dominate the market in their harvest season. Overall imports were expected to edge down in coming months, analysts and traders said, as shipments from Brazil dry up with the harvest season in South America approaching the end. National soybean inventories came down to 7 million tons by the week of Oct. 18 after reaching a high point at near 8 million tons in early September. China’s national soybean meal inventories were at 937,900 tons, down from a record high at 1.27 million tons at the beginning of September.



Source: https://www.reuters.com/article/china-economy-trade-soybeans/chinas-sept-soybean-imports-from-brazil-soar-51-idUSKBN27A079