China set for record soybean imports in 2024

게시됨 2024년 11월 7일

Tridge 요약

In October, China significantly increased its soybean imports by 56% compared to the previous year, reaching 8.09 million metric tons, as buyers hurried to stockpile before Donald Trump took office. This marked the largest October import in four years, driven by better crush margins and concerns over potential trade tensions under Trump's presidency. For the first 10 months of 2024, total soybean imports were 89.94 million tons, close to the previous year's total. Fears of tariffs have led some Chinese importers to avoid US shipments, while China's pivot to Brazilian soybeans since 2018 has helped it manage trade frictions with the US more effectively.

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원본 콘텐츠

China imported 8.09 million metric tons of soybeans in October with buyers rushing to stockpile before Donald Trump takes office early next year, as the world's top soybean buyer heads for its largest annual imports on record, reported Reuters. October arrivals were the biggest for the month in four years, surging 56% from 5.18 million tons a year ago, according to Reuters' calculations of customs data released on Thursday. "The October soybean imports were 600,000 higher than our initial estimate," said Rosa Wang, analyst at Shanghai-based agro-consultancy JCI. The jump comes as crush margins in China's key processing hub of Rizhao improved from a loss of about 600 yuan ($83.72) per ton of soybean processed in August to a loss of 75 yuan ($10.47). Exporters in the United States had raced to ship a record-large US harvest to China ahead of the US presidential election and fears of renewed trade tensions, traders and analysts said. "We still estimate very high imports of soybeans ...

출처: Thepigsite