China's April Soybean Imports from Brazil Rise 2.6%

Monday, May 25, 2020

China's soybean imports in April from top supplier Brazil rose 2.6% from a year earlier, customs data showed late Monday, as the South American country could ship more cargoes owing to better weather conditions.

China, the world's top soybean buyer, brought in 5.939 million tonnes of the oilseed from Brazil in April, up from 5.786 million tonnes last year, according to the General Administration of Customs data detailing the origin and destinations of commodity shipments.

April's imports from Brazil were also almost triple March arrivals of 2.099 million tonnes, which had seen severe cargo delays due to heavy rains.

Previously published customs data showed China's total soybean imports for the month fell 12% to 6.714 million tonnes from last year.

China's soybean and soymeal inventories fell to historical lows as a result, forcing some crushers to curb production.


(Reporting by Hallie Gu and Tom Daly, Editing by Sherry Jacob-Phillips)

Categories: Bulk Carriers

Related Stories

Bulls Joins TVO's Global Business Development Team

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

DataMondial Launches AI-Driven Service for Processing Ocean Freight Rates

Current News

US Freight Industry Hopes for Back-to-School Demand Boost After Tariff Truce

CMA CGM to Redeploy Fleet to Avoid US Port Fees on Chinese Vessels

Israel Attacks Yemeni Ports, Says Houthi-Run TV Outlet

DFDS Reaches 10,000 Sailings in Türkiye

Subscribe for Maritime Logistics Professional E‑News