BEIJING, CHINA — China imported 10.9% more soybeans from Brazil this August compared to a year ago, while shipments from the United States decreased, Reuters reported, citing customs data.
The nation imported 9.04 million tonnes of soybeans from Brazil, up from 8.15 million tonnes. At the same time, imports from the United States dropped 89.4%, to 17,575 tonnes from 166,370 tonnes.
Chinese buyers bought four to six bulk cargoes from Brazil last week following concerns of US shipping delays due to Hurricane Ida.
Overall, China imported 9.49 million tonnes of soybeans in August, slightly down from 9.6 million tonnes a year earlier.