China soybean imports decline significantly in October
On Monday, Chinese customs data show that China’s soybean imports from the United States fell sharply in October compared to the same period last year, hit by weak demand and limited exports.
China purchased 775,331 tons of US soybeans in October, down 77% from 3.4 million tons a year earlier, according to data published by the General Administration of Customs.
US soybean exports typically increase in the fourth quarter of the year, when the harvest is underway and its grains dominate the market.
However, low crushing margins and competitive prices for Brazilian grains have dampened Chinese processing companies’ appetite for US cargoes, operators say.
Read also
BLACK SEA GRAIN.KYIV- Agenda Announced!
Turkey Barley Market 2025/26: Import Dependency, Rising Prices and Strategic Compe...
Farmer protests in India escalate into massive strike involving 300 mln people
European farmers oppose EU-Australia free trade agreement
Ukraine exported 19.5 mln tons of grain
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon