China increases US soybean imports as Brazil harvest delay
Soybean
China
United States
Published Mar 20, 2023
Tridge summary
By Dominique Patton BEIJING (Reuters) - China's U.S. soybean imports rose 15.4% in the first two months of this year, data showed on Monday, as harvest delays in top supplier Brazil prompted buyers to seek more grain from the US. The world's largest buyer of soybeans, China imported 11.59 million tons of the oilseed from the United States, compared to 10.04 million tons in the previous year, data from the General Administration of Customs showed. Already imports from Brazil fell 36%, to 2.24 million tons. Rains delayed the harvest in Brazil's main growing regions and also slowed the movement of soybeans to ports, according to some analysts. Total imports in the period hit a record 16.2m tonnes swt, data showed earlier this month, as buyers stocked up in anticipation of this year's healthy demand.
Original content
By Dominique Patton BEIJING (Reuters) - China's U.S. soybean imports rose 15.4% in the first two months of this year, data showed on Monday, as harvest delays in top supplier Brazil prompted buyers to seek out more grains. from the USA. The world's largest buyer of soybeans, China imported 11.59 million tons of the oilseed from the United States, compared to 10.04 million tons in the previous year, data from the General Administration of Customs showed. Already imports from Brazil fell 36%, to 2.24 million tons. Rains delayed the harvest in Brazil's main growing regions and also slowed the movement of soybeans to ports, according to some analysts. Total imports in the period hit a record 16.2m tonnes swt, data showed earlier this month, as buyers stocked up in anticipation of this year's healthy demand. In the case of corn imports, the US was also China's main ...
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