China March soybean imports rise 15% year-on-year
In Iowa, Successful Farming reported that China’s soybean imports rose 14.9% in March on the year, but kept well below analysts’ expectations, weighed down by delayed shipments from Brazil because of tougher inspections to rule out contamination.
Total imports stood at 4.02 million metric tons, up from 3.5 million a year earlier, data from the General Administration of Customs showed.
Over the period from January to March, soybean arrivals in the world’s biggest buyer totaled 16.58 million tons, down 3.1% from 17.11 million tons a year earlier, the data showed.
Imports are expected to recover in coming months as more U.S. shipments and Brazil’s record crop reach Chinese ports, according to the reports.
Category: Food & Agriculture
