Join Import & Export Telegram Group📈

💰Join Import & Export Facebook Group

China is poised to import a record volume of soybeans in July, with Chinese buyers booking around 12-13 million tons for arrival that month[1][2][3][4][5]. This surge in imports is driven by lower soybean prices and fears of increased U.S. tariffs under a potential Trump presidency[1][5].

In comparison, China imported 9.73 million tons of soybeans in July 2023[5]. The country's soybean imports reached a record 12.02 million tons in May 2024[4]. This record-breaking import figure highlights China's growing demand for soybeans and the impact of global trade tensions on its buying patterns.

Citations:
[1] https://www.tridge.com/news/china-poised-for-record-july-soybean-imports-tmmyxf
[2] https://www.xm.com/uz/research/markets/allNews/reuters/china-poised-for-record-july-soybean-imports-on-low-prices-trump-trade-fears-53871336
[3] https://www.sharqetrade.com/en/news--events/market-news/china-poised-for-record-soybean-imports-in-july
[4] https://www.tridge.com/news/china-expected-to-have-record-soybean-import-llwfau
[5] https://www.ipasai.com/post/china-expected-to-import-record-soybean-volumes-in-july-due-to-low-prices-and-trade-war-concerns

💰Join Import & Export Facebook Group

Join Import & Export Telegram Group📈

Related Posts

None found

By Josh N

Leave a Reply

Your email address will not be published. Required fields are marked *