MySheen

China is expected to import a large amount of soybeans in the third quarter.

Published: 2024-11-24 Author: mysheen
Last Updated: 2024/11/24, Oil World: China's soybean imports could reach as high as 9.5 million tons in July this year, according to Oil World, an industry publication in Hamburg, Germany. China's soybean imports in July 2015 could reach 9.2 million to 9.5 million tons. As a comparison, the General Administration of Customs of China issued the unification at the beginning of the week.

Oil World: China's soybean imports may reach as high as 9.5 million tons in July this year

According to Oil World, an industry publication in Hamburg, Germany, China's soybean imports are likely to reach 9.2 million to 9.5 million tons in July 2015.

In contrast, statistics released earlier this week by the General Administration of Customs showed that China imported 8.09 million tons of soybeans in June 2015, the second highest in the same period on record.

Oil World says China's soyabean stocks are growing and could rise by about 3 million tonnes by the end of July compared with the same period last year.

Analysts at Commerzbank say China will import large amounts of soybeans in July / August

China's soyabean imports reached 8.09 million tonnes in June, the second-highest in the same period on record and the highest monthly imports so far this year, as cheap South American soybeans attracted interest from Chinese buyers, according to Chinese customs data.

 
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