China soya bean imports from US rise in January
Limited buying resumes after the two countries agreed to a trade truce on December 1
Beijing — China’s imports of US soya beans nearly doubled in January from the previous month as cargoes booked after a Sino-US trade truce arrived in the world’s top oilseed importer, according to Chinese customs data published late on Monday. China brought in 135,814 tons of US soybeans in January, up 95% from 69,298 tons in December. But the figure was still down 99.7% from 5.82-million tons a year earlier as Beijing’s hefty tariffs on US shipments curbed purchases. China typically buys from the US in the last quarter and first couple of months of the year, when the US harvest dominates the market. But Chinese buyers have steered clear of US produce amid the tit-for-tat trade dispute and scooped up Brazilian beans instead. Chinese imports of the oilseed from the US, its second largest supplier, fell sharply in 2018 and ground to a virtual halt in November. Limited buying resumed after the two countries agreed to a truce on December 1. However, China brought in 4.93-million tons of...
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