China may maintain soybean imports at 103 million tons in 2024/25

Published 2024년 3월 22일

Tridge summary

China's soybean production for the 2024/25 period is projected to be slightly lower than the previous season at 19.6 million tons. Despite this, the country's soybean imports from Brazil have surged in the first two months of 2024, showing a 211% increase compared to the same period last year. This significant rise is attributed to Brazil's abundant supply and competitive pricing, which outperforms the United States.

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

Original content

In contrast, soybean production in China was estimated at 19.6 million tons for the 2024/25 period, a slight drop from the 19.7 million tons recorded in the previous season. In the first two months of 2024, China's soybean imports from Brazil registered a strong increase compared to the same period of the previous year. This occurred as Brazil offers a wide supply and competitive prices in relation to the United States. China, the main global buyer of soybeans, imported 6.96 million tons of soybeans from Brazil in January and ...

Source: Portal Do Agronegocio