China Soybean Imports Decline for a Third Month
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Soybean imports by China, the world’s biggest buyer, declined for a third month in September as buyers boosted purchases of domestic beans, according to data from the Beijing-based customs agency.
Imports were 4.64 million metric tons, customs said in a statement on its website. August shipments were 4.77 million tons, while purchases in June were a record 6.2 million tons, Bloomberg data show. Monthly imports normally decline as China’s domestic harvest comes onto the market, said analyst Chen Baomin of Jilin Grain Group Co.