China trade: US soybean imports surge 320 per cent in March as Brazilian imports slide

Apr 20, 2021 | INVESTING

China’s March soybean imports from Brazil plunged as rain delayed some shipments from the world’s top exporter, but US bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016.The world’s biggest buyer of soybeans imported 315,334 tonnes from Brazil in March, down 85 per cent from 2.1 million tonnes a year earlier, data from the General Administration of Custom showed on Tuesday. The Brazilian imports were the lowest since…

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