China imported 17 million tonnes of Brazilian soy from January to July

28 August 2012

Brazil sold China 17.08 million tonnes of soy from January to July and has risen to first place on the list of that oilseed’s suppliers, according to figures recently released by China’s customs administration.

In the first seven months of the year Chinese imports of Brazilian soy grew by 57.8 percent, while purchases of soy produced in the United States of America increased by only 1.77 percent to 14.99 million tonnes.

But the Brazilian press has reported that the rise to first place is only temporary, as Brazil and the United States alternate, depending on harvests, in occupying the top position on the list of China’s suppliers.

Brazil finished the soy harvest several months ago, while producers in the United States have yet to begin the harvest.

From January to July China imported 34.9 million tons of soy, up 20 percent over the same period in 2011. (macauhub)