China Imports No US Soybeans in September for First Time in Seven Years
China halted U.S. soybean imports in September amid a trade war, while total imports rose 13% due to a 30% increase in Brazilian soybean purchases, customs data showed.
- Last month, Chinese customs data showed China imported no soybeans from the United States in September.
- The U.S.-China trade war began when President Trump imposed a 10 percent tariff, triggering escalating duties that altered bilateral trade flows.
- Last month China purchased 12.8 million tonnes of soybeans, keeping imports high as Brazilian soybeans surged nearly 30 per cent year-on-year.
- U.S. soybean farmers face a surplus after losing a major buyer, with around a quarter of output lacking a buyer and many seeking domestic or biodiesel markets, Rabail Chandio said.
- With domestic markets strained, many farmers are banking on government support after lost export demand, and Treasury Secretary Scott Bessant suggested forthcoming aid despite postponed plans; meanwhile, Brazil’s soy expansion threatens deforestation across 11.7 million hectares.
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Pritzker not confident Trump can solve soybean trade deal with China
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