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Wednesday, September 22, 2021

Chinese Imports of Brazillian Soybean Up 51.4% Over Previous Year

The Chinese government revealed on Thursday that it imported 51.4 percent more Brazilian soy during September than in the same month in the year 2019. Brazil exported 7.25 million tons of oilseed to China in September compared to 4.79 million tons in the same period last year.

The Chinese government revealed on Thursday that it imported 51.4 percent more Brazilian soy during September than in the same month in the year 2019. B

razil exported 7.25 million tons of oilseed to China in September compared to 4.79 million tons in the same period last year.

According to a release from the Chinese Customs agency, China imported in total 9.8 million tons of soy from every single source in September, representing an increase of 19 percent over 2019. 

Chinese soybean mills are demanding grains to crush to help feed farmers since the Chinese swine herd is currently recovering from the impact of an outbreak of African swine fever.

The agency also revealed that the Chinese government imported 1.17 million tons of soy from the United States in September, down 32.4 percent from the same month in 2019, when shipments arrived that were negotiated during a truce in the trade dispute between the United States and China. 

According to analysts and traders, China’s general soy imports are expected to decline over the next few months, as shipments from Brazil decline due to the off-season.

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