China’s soybean imports hit record high amid U.S. trade tensions
- China’s soybean imports hit a record high last month, as the world’s largest buyer ramped up purchases—mainly from Brazil—amid concerns that trade tensions with the U.S. could drive up global prices.
- China’s soybean imports more than doubled in May from the previous month to 13.92 million tons, according to customs data. This followed a 73% surge in April.
- Amid concerns that trade tensions with the U.S. could disrupt access to American crops, Chinese crushers moved quickly to lock in lower-cost South American supplies—snapping up at least 40 cargoes from Brazil in a single week in early April, Bloombergreported.
- Soybean futures (S_1:COM) rose on Monday as supply concerns and renewed buying tightened availability.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Black Sea & Danube: Crop and Export Forecast
Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
Wheat faces biggest weekly drop in eight months on higher inventories
Cargill’s head of world trading departs firm after three decades
Indonesia deploys African weevils to boost palm oil output
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon