China's soybean imports increase in April

 

Source: Reuters

via The Cattle Site - 09 May 2022

 

Prices had soared to record highs as supply tightened

 

China's soybean imports in April climbed from a month ago, helped by the arrival of cargoes delayed by poor weather and slow harvests in South America, Reuters reported on Monday, citing customs data.

 

The world's top soybean importer brought in 8.08 million tonnes of the oilseed in April, up 27% from 6.35 million in March, data from the General Administration of Customs showed.

 

The figures were also up from 7.45 million tonnes in the same month a year earlier.

 

"Delayed Brazilian soybean cargoes gradually arrived and China's soybean imports in May were expected to keep climbing and hit around 9.4 million tonnes," said Zou Honglin, an analyst with the agriculture section of Mysteel, a consultancy based in China.

 

In the first four months of the year, China imported 28.36 million tonnes of soybeans, down 0.8% from 28.59 million in the previous year, according to the data.

 

Bad weather in Brazil delayed harvest and exports from China's top soybean supplier, causing lower arrivals in the earlier months of the year...

 

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