China Soybean Imports Slowed in June

news snip
news snip
(Commodity Update)

China imported 8.3 MMT of soybeans in June, according to preliminary customs data, down 14.7% from May and 23% less than last year. don’t want to further build their inventories due to slackened demand from the country’s hog sector, which is saddled with poor production margins. Through the first half of 2022, Chinese soybean imports stood at 46.3 MMT, down 5.4% from the same period last year.

 

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