SOYBEAN IMPORTS FROM BRAZIL TO CHINA SOAR BY 9% IN JUNE

Chinese soybean imports from Brazil increased 9.2% in June to 10.62 million tons, boosted by a good Brazilian crop and the trade battle with the United States. Imports from the United States also increased by 21% to 1.58 million tons. June was the biggest monthly amount in history, with 12.26 million tons imported. According to economists, the surge is due to delays in customs clearance in April and Brazil’s record crop in 2024-25. In the first half of the year, China imported 31.86 million tons from Brazil (a 7.5% decrease) and 16.15 million from the United States (a 33% increase). The trend is for high imports in the third quarter, with the fourth quarter contingent on US-China negotiations.
Source: Reuters / Notícias Agrícolas (*Translated by Ia Niani)