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MARKET DEVELOPMENT
China imports 9.1m tons of soybeans in first half
calendar13-07-2004 | linkSoyatech.com | Share This Post:

7/8/2004 BUSINESS DAILY UPDATE - China imported about 2 million tons ofsoybeans in June and 9.1 million tons in the first half. First-halfsoybean imports were 1.15 million tons less than the figure from a yearearlier. Statistics from the country's General Administration of Customsshowed last month that China's soybean imports fell 2.4 percentyear-on-year to 7.48 million tons in the first five months. Brazil is oneof China's major import destinations of soybeans, and the Chinesegovernment has lifted the suspension it had imposed on soybean importsfrom the South American country. China had rejected eight shiploadstotaling 359,000 tons of soybean and suspended imports from 23 Braziliancompanies in May and June, alleging the presence of fungicides in theshipments.