STAY UPDATED WITH COTTON UPDATES ON WHATSAPP AT AS LOW AS 6/- PER DAY

Start Your 7 Days Free Trial Today

News Details

China's January-February soybean imports up 16% year-on-year

2023-03-07 14:34:34
First slide


China, the world's top oilseed buyer, imported 16.17 million tonnes of soybeans in January and February, customs data showed on Tuesday, a 16.1% increase on the same period a year earlier, as buyers stocked up amid tight supplies.

The jump in arrivals came after low imports for most of 2022, although imports had already increased in December.

China's General Administration of Customs adds data for the first two months of the year in time for the week-long Lunar New Year holiday that begins in late January.

Large inflows come as Chinese demand for meat and soymeal, an animal feed ingredient, is expected to rise this year after Beijing abandons strict zero-Covid measures at the end of 2022.

However, arrivals are set to decline in March after a slow start to harvest in Brazil, the world's top producer.

Regards
Team Sis
Any query plz call 9111677775

https://wa.me/919111677775

Related News

Circular