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BEIJING- China’s soybean imports from the US rose 15.4 percent in the first two months of this year, data showed on Monday, as delays in harvesting in top supplier Brazil prompted buyers to seek more US beans.
The world’s top buyer of soybeans, China bought 11.59 million tons of the oilseed from the United States, up from 10.04 million tons a year ago, data from the General Administration of Customs showed.
Imports from Brazil, meanwhile, fell 36 percent to 2.24 million tons.
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Rain delayed the harvest in key growing regions in Brazil and has also slowed the movement of soybeans to ports, according to some analysts. – Reuters
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