Chinese soy imports from Brazil surge 82% in May over April
RIO DE JANEIRO, BRAZIL – China’s soy imports from Brazil surged 82% in May compared to the month before, bolstered by shipments that should have arrived earlier but were
delayed by rain, customs data showed Sunday.
The world’s largest soy importer, China bought 9.23 million tons from the country in May, up from 5.08 million tons in April, according to data from the General Administration of Customs.
May imports were also higher than the 8.86 million tons imported from China’s main soy supplier a year ago.
China bought 244,431 tons of soy from the United States in May, down 50% from 491,700 tons a year ago. Shipments plunged 89% from 2.15 million tons in April, according to customs data.
In the first 5 months of the year, China imported 15.66 million tons of Brazilian grains, down from 22.04 million tons in the same period last year.
Imports from the United States between January and May totaled 21.53 million tons, more than double the 8.97 million tons the year before.
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