China's November soybean imports jumped from a year ago as shipments from t...
BEIJING - China’s November soybean imports jumped from a year ago as shipments from the United States booked during a truce in the Sino-U.S. trade war cleared customs, customs data showed.
China imported 8.28 million tonnes of soybeans in November, up 54% from 5.38 million tonnes a year ago, as U.S. soybean cargoes arrived, data from the General Administration of Customs showed on Sunday.The world’s top soybean buyer usually gets most of its oilseed imports from the United States in the final months of the year when the U.S. harvest dominates the market. American cargoes, however, plunged after Beijing slapped a 25% tariff on a list of U.S.
China said on Friday it will offer more waivers on some soybeans shipments as the two sides try to thrash out an agreement to defuse their protracted trade war. For the first 11 months of the year, China bought in 78.97 million tonnes of soybeans, down 4% from the same period last year, customs data showed. CNC-SOY-IMP
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