China imported soybeans at a near record pace in September

Published Oct 15, 2024

Tridge summary

In September, China's soybean imports decreased slightly from the record set in August but increased compared to the same month the previous year. The country imported 11.37 million tons of soybeans, down from August's record 12.14 million tons but up from September of the previous year's 7.15 million tons. The first nine months of the year saw a total import of 81.85 million tons, an 8.1% increase from the same period last year, making China the world's largest importer of soybeans. The majority of these imports come from the United States and South American countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the General Administration of Customs, China imported 11.37 million tons of soybeans in September, down slightly from the record 12.14 million tons in August. In September last year, imports totaled 7.15 million tons. This was reported by Reuters. Chinese traders have increased purchases in recent months, taking advantage of falling global soybean prices and anticipating a possible increase in tensions with the United States if Donald Trump returns to the presidency after next month’s election. Soybean imports totaled 81.85 million tons in the first nine months of this year, up 8.1 percent from the same period last year. China is the world’s largest importer of soybeans and buys the crop mainly from the United States and South American countries. Now the US has accumulated large stocks of soybeans left ...

Source: UkrAgroConsult