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China’s Customs: Nov soybean imports up 15.78% y/y

2020-12-28 www.cofeed.com

China imported 9.5865 mln tonnes of soybeans in November, up 898,100 tonnes or 10.34% from 8.6884 mln tonnes in October and up 1.3063 mln tonnes or 15.78% from 8.2802 mln tonnes in Nov 2019, according to data from China’s Customs.

 

Jan-Nov soybeans imports total 92.8033 mln tonnes, up 13.8335 mln tonnes or 17.52% from 78.9698 mln tonnes year on year.

 

In November, China imported 2.7431 mln tonnes of soybeans from Brazil, down 1.49 mln tonnes or 35.2% from 4.2331 mln tonnes in previous month and down 1.1161 mln tonnes or 28.92% from 3.8592 mln tonnes a year earlier. From January to November, China’s soybean imports from Brazil total 63.1005 mln tonnes, up 10.2575 mln tonnes or 19.41% from 52.843 mln tonnes year over year.

 

In November, China imported 6.041 mln tonnes of soybeans from the U.S., up 2.6415 mln tonnes or 77.7% from 3.3995 mln tonnes in the previous month and up 3.4849 mln tonnes or 136.34% from 2.5561 mln tonnes a year earlier. From January to November, China’s soybean imports from the U.S. total 20.0514 mln tonnes, up 6.2008 mln tonnes or 44.77% from 13.8506 mln tonnes year over year.

 

In November, China imported 497,000 tonnes of soybeans from Argentina, down 316,000 tonnes or 38.87% from 813,000 tonnes in the previous month and down 920,100 tonnes or 64.93% from 1.4171 mln tonnes a year earlier. From January to November, China’s soybean imports from Argentina total 7.3243 mln tonnes, down 162,000 tonnes or 2.16% from 7.4863 mln tonnes year over year.

 

In November, China imported 58,500 tonnes of soybeans from Russia, up 28,500 tonnes or 95% from 30,000 tonnes in the previous month but down 6,000 tonnes or 9.3% from 64,500 tonnes a year earlier. From January to November, China’s soybean imports from Russia total 651,600 tonnes, up 20,200 tonnes or 3.2% from 631,400 tonnes year over year.