Login ID:
Partner Login
Contact Us : 7066511911

China's Jan-Feb Soybean Imports From US Up Six-Fold Y/Y At 6.101 Million Tonnes

25 Mar 2020 1:29 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - China’s soybean imports from the United States in the first two months of the year rose sixfold from the same period last year, customs data showed on Wednesday, as cargoes booked during a trade truce between the countries arrived.

China, the world’s top importer of the oilseed, brought in 6.101 million tonnes of US soybeans in January and February, up from 1.044 million tonnes in the same months in 2019, when shipments were still largely curbed because of the Sino-US trade war.

The imports were in line with China’s shipments from the US in December, which had surged to 3.09 million tonnes, 44 times the level a year ago.

Chinese crushers have bought American soybeans in several rounds of purchases following a trade truce agreed in December 2018, and after Beijing issued waivers to importers that would exempt them from extra tariffs on some US cargoes.

Shipments from Brazil in the first two months of the year came in at 5.14 million tonnes, down 26 percent from 6.916 million tonnes last year, according to the data from the General Administration of Customs.

China’s total soybean imports in the first two months of 2020 jumped 14.2 percent year-on-year to 13.51 million tonnes, according to customs data released on March 7.


  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
NAFED Procures 647698.43 MT Mustard Seed In Rabi-2020 ...
NAFED Procures 677.71 MT Groundnut In Rabi-2020 Season ...
Govt May Ban Sale Of Loose Edible Oil; Demand For Bran...
Gujarat: Groundnut Cultivation Expected In Record 19 L...
Indonesia To Keep CPO Export Tax Unchanged for June
Top 5 News
Skymet Announces Monsoon Arrival In Kerala, IMD Differs...
Maharashtra Cotton Prices Quoted Unchanged
M.P. Cotton Prices Unchanged Amid Weak Demand, Steady A...
Cotton Prices Weaken In Gujarat
Cotton Prices Steady As Rains Disturb Trade In Lower Ra...
Top 5 Special Reports
Weekly: ICE Raw Sugar Ends Nearly Flat Aided By Strong...
USD/INR (Jun. 20) Consolidating in a Multi-Week Rang...
USD/INR (Jun. 20) Consolidating in a Multi-Week Rang...
USD/INR (May 20) Consolidating in a Multi-Week Range...
Cotton Yarn Prices Set To Slide About 9%; Buying Oppor...
Copyright © CC Commodity Info Services LLP. All rights reserved.