China in October this year imports of Soybean from Brazil reduced by 15% per year due to high oil prices and extremely low processing revenues, the Nasdaq reports.
In particular, the country has 2,8 million as of last month, according to the Chinese Customs Administration Tonnen Soybean imported from Brazil, compared to 3,3 million tonnes in the same period last year.
Total imports of oil to the People's Republic of China also fell in October - by 19% to 4,14 million tons, the lowest since 2014.
It is also reported that the volume of soybean shipments from the USA last month was 772,9 thousand tons, which is generally the same as October last year (775,3 thousand tons).
In the first 10 months of this year, China imported 49,31 million tons Soybeans from Brazil (52,75 million tons in 2021) and 20,1 million tons from the USA (22,57 million tons in 2021).