RIO DE JANEIRO, BRAZIL - China's imports of soybeans from Brazil retreated in June compared with the same period a year earlier, the Asian country's customs data showed Tuesday (20), as weak crush margins weighed on demand.
China, the world's largest buyer of soybeans, imported 10.48 million tons of the oilseed from Brazil - the top global exporter - last month, down slightly from a record 10.51 million tons in the same month of 2020, according to the customs data.
The figures still represent a 14% increase from the 9.23 million tons in May. As demand continues . . .