China's September US soybean imports rebound from zero a year earlier, data shows
BEIJING: China imported 360,878 metric tons of US soybeans in September , up from zero a year earlier, as soybeans bought under a deal to end last year’s trade war continued to arrive at Chinese ports. Imports from Brazil fell 2.4% year-on-year to 10.7 million tons from 10.96 million tons in September last year, data from the General Administration of Customs showed on Tuesday. China, the world’s…
China's September imports of US soybeans revived after being absent a year prior, according to recent data. In September, China bought 360,878 metric tons of US soybeans, a significant increase from the zero imports recorded a year ago. This surge was driven by soybeans procured under an agreement aimed at resolving last year's trade dispute.
However, overall soybean imports from Brazil declined slightly, falling by 2.4% year-on-year to 10.7 million tons in September compared to 10.96 million tons the previous year. Despite this, China remains the world's leading soybean purchaser. In the first nine months of the year, China's soybean imports from the US dropped by 34% to 11.06 million tons, while imports from Brazil surged by 3.4% to 65.84 million tons for the same period.
Trade tensions between China and the US had previously led Chinese buyers to postpone purchases of the US harvest until after a summit between the two nations' leaders in October. Following the summit, Beijing made significant purchases of US soybeans, acquiring approximately 12 million tons - a considerable sum but still a far cry from pre-trade war levels.
China had already secured over 60% of its 25-million-ton target for the US soybean buying year of 2026/27, with shipments commencing in September, according to traders.
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