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China March soybean imports fall 10 percent from year ago

Reuters  |  BEIJING 

BEIJING (Reuters) - China's soybean imports fell 10 percent in March from a year ago, in line with market expectations on easing demand after the Lunar New Year festival, customs data showed on Friday.Soybean imports for the first quarter, however, edged slightly higher, supported by healthy demand.The March decline also came as trade tensions between China and the United States escalated last month. Beijing announced last week it would slap a 25 percent import duty on soybeans from the United States in response to Trump's tariffs on Chinese exports."Imports are expected to go up in the ...

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First Published: Fri, April 13 2018. 09:06 IST