Chinese soybean imports in October increase by 17.2% compared to last year

China imported 9.48 million tons of soybeans in October of this year, an increase of 17.2% compared to the same month in 2024, when it acquired 8.09 million tons, according to preliminary data from the General Administration of Customs of China (GACC). In value, the purchases of the oilseed totaled US$ 4.36 billion, a growth of 11.2% compared to the previous year. From January to October, Chinese soybean imports totaled about 95.68 million tons, an increase of 6.4% compared to the same period last year. In the ten-month period, the imported value was US$ 42.68 billion, a decrease of 6.2% compared to 2024. According to the GACC, vegetable oil imports totaled 540 thousand tons in October, a decrease of 5.6% compared to the same month last year. The value spent on these purchases was US$ 701.8 million, an increase of 16.4% in the same comparison. In the year-to-date, vegetable oil imports reached 5.55 million tons, a decrease of 6.9%, but with a total value of US$ 6.87 billion, an ...