Where is China getting its soybeans?
Chinese soybean imports may soon be coming from a different country. Imports from Brazil were down in 2022, but Chinese soybean imports from the U.S. are on the rise.
Chinese soybean imports may soon be coming from a different country.
Last year, China imported most of its bean supplies from Brazil, but last month imports were down 16 percent from 2022, totaling just 5 million metric tons. This is due to harvest delays in the South American country as well as slower shipment arrivals.
However, Chinese soybean imports from the United Statesare up 11 percent, coming in at just under 2 million metric tons in April.