China logged another month of bumper soybean imports in August as companies boosted their stockpiles amid risks of a protracted trade war
China’s soybean imports remained at historically high levels in August, with companies making huge purchases from Brazil and other South American growers as they prepared for a protracted trade stand-off between Beijing and Washington.
More than 12.2 million tonnes of soybeans entered China in August – the second-highest monthly total the country has ever recorded after May’s 13.9 million tonne inflow, according to detailed Chinese customs data released over the weekend.
Brazil provided 10.49 million tonnes – or more than 85 per cent – of those imports, as a bumper crop allowed China to increase its purchases from the South American nation by 2.4 per cent year on year.
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