China's August soybean imports fall on flat demand

 

The Pig Site

10 September 2021

 

China's soybean imports fell in August from the same month a year ago, customs data showed on Tuesday, as low crushing margins, high international bean prices and falling pig prices weighed on demand

 

Reuters reports that China's soybean imports fell in August from the same month a year ago, customs data showed on Tuesday, as low crushing margins and high international bean prices weighed on demand.

 

China, the world's top buyer of soybeans, brought in 9.49 million tonnes of the oilseed in August, slightly down from 9.6 million tonnes a year ago, data from the General Administration of Customs showed.

 

Crushers ramped up purchases of soybeans in the early months of the year on expectation of strong demand from a fast recovering pig herd. Shipments slowed more recently, however, as falling hog prices pushed down demand...

 

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