China’s June US soybean imports fall 21%, Brazil shipments rise 14%

BEIJING: China’s soybean imports from the United States fell 20. 6% year-on-year in June, reflecting the lingering impact of trade tensions that had prompted Chinese buyers to delay purchases of last year’s US harvest until after an October leaders’ summit. Following the summit, Beijing bought around 12 million tons of US beans. China also began purchasing new-crop US soybeans after a May 14–15 summit this year between Presidents Donald Trump and Xi Jinping, which left unchanged China’s commitment to buy 25 million metric tons of soybeans annually through 2028.

Read full story on Business Recorder