echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Affected by soybean oil crush profits and lower pork prices, China’s imports of soybeans from Brazil in July fell 3.7% year-on-year

    Affected by soybean oil crush profits and lower pork prices, China’s imports of soybeans from Brazil in July fell 3.7% year-on-year

    • Last Update: 2021-09-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    On August 20th, the General Administration of Customs of China announced statistical data showing that due to the decline in profits of the soybean oil crushing industry, China's demand for Brazilian soybean purchases has decreased .
    In July, China imported 8.
    67 million tons of soybeans, down 14.
    1% from the same period last year.
    Among them, 7.
    88 million tons of soybeans were imported from Pakistan, down 3.
    7% year-on-year; 38,331 tons in the same period last year .
    According to estimates, the profits of Chinese soybean oil producers have reached their lowest point at the end of June, and each ton of soybeans crushed in the future will lose about 176 yuan (approximately US$27) .
    With the rapid recovery of domestic pig farming, soy oil producers increased their purchases of soybeans from major global suppliers such as Brazil in the first few months of this year, and made substantial profits from them.
    However, as the price of pigs fell, the profit of the pig industry fell Negative value, the demand for soybeans began to weaken .
    Unfavorable factors such as the decline in pig profits and the increase in the proportion of wheat feed will further inhibit China's demand for soybean imports.
    It is expected that China's soybean imports will continue to decline in the next few months .





    On August 20th, the General Administration of Customs of China announced statistical data showing that due to the decline in profits of the soybean oil crushing industry, China's demand for Brazilian soybean purchases has decreased .
    In July, China imported 8.
    67 million tons of soybeans, down 14.
    1% from the same period last year.
    Among them, 7.
    88 million tons of soybeans were imported from Pakistan, down 3.
    7% year-on-year; 38,331 tons in the same period last year .
    According to estimates, the profits of Chinese soybean oil producers have reached their lowest point at the end of June, and each ton of soybeans crushed in the future will lose about 176 yuan (approximately US$27) .
    With the rapid recovery of domestic pig farming, soy oil producers increased their purchases of soybeans from major global suppliers such as Brazil in the first few months of this year, and made substantial profits from them.
    However, as the price of pigs fell, the profit of the pig industry fell Negative value, the demand for soybeans began to weaken .
    Unfavorable factors such as the decline in pig profits and the increase in the proportion of wheat feed will further inhibit China's demand for soybean imports.
    It is expected that China's soybean imports will continue to decline in the next few months .





    China General Administration of Customs Soybean Oil Brazil Soybean Purchase Import Price
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.