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China's June soy imports jump ahead of tariffs on U.S. shipments

Reuters  |  BEIJING 

BEIJING (Reuters) - China's soybean imports in June jumped 13.1 percent from a year ago as buyers scooped up Brazilian supplies to avoid potentially higher costs on U.S. soybeans that are subject to Beijing's tariffs, customs data showed on Friday. China, the world's top soybean buyer, brought in 8.7 million tonnes of soybeans last month, up from 7.687 million tonnes a year ago, according to data from the General Administration of Customs. However, shipments were down 10.1 percent from last month's 9.68 million tonnes, the data showed. Beijing vowed in June to impose 25 percent tariffs on a ...

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First Published: Fri, July 13 2018. 12:13 IST