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S.
Department of Agriculture released its July supply and demand report on Monday.
It is estimated that China's soybean imports in 2020/21 (October to September of the following year) are expected to be 98 million tons, which is lower than the 100 million tons predicted in June.
, A decrease of 0.
53% from 98.
53 million tons in the previous year
.
China's soybean imports in 2021/22 are expected to be 120 million tons, lower than the 130 million tons predicted in June and an increase of 5.
10% year-on-year
.
10% year-on-year
.