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China’s Imports Of Soybean Second Highest On Record In December

Published on: Jan 12, 06:49

According to the data released by the General Administration of Customs, China’s imports of soybean increased by 10 per cent to 9.55 MMT in December 2017 compared to previous month and it increased by 6 per cent compared to December 2016. It is the second highest imports on record in a month. Good demand ahead of Lunar New Year and healthy crush margins have led to higher imports. Imports of soybean in 2017 totaled at 95.54 MMT compared to 83.91 MMT in 2016.

(Source: Reuters)