RPT-CHINA’S OCT SOYBEAN IMPORTS SOAR TO 8.7 MLN T ON RISING BRAZILIAN, U.S. CARGOES
BEIJING, Nov 7 (Reuters) – China’s soybean imports jumped 41% in October from a year ago, according to data from the General Administration of Customs released on Saturday, as delayed Brazilian cargoes cleared customs and U.S. soybean arrivals grew.
The world’s top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year, as crushers booked Brazilian beans earlier on good crush margins and as more U.S. beans started to flow in, the data showed.
By Hallie Gu and Kevin Yao via Successful Farming