China’s soy imports from Brazil rise 83 pct in first four months of 2014

26 May 2014

The amount of Brazilian soy imported by China in the first four months of 2014 rose by 83 percent to 4.99 million tons, according to figures published in Beijing by China’s Customs Service.

In the first four months of the year China imported 21.85 million tons of soy, or 41.3 percent more, mainly from the United States, where it purchased 16.3 million tons.

The amount of Brazilian imports was due to increased demand from China as well as the fact that the dry season has this year made exports, which cannot be carried out when it rains.

In April Brazilian producers sold 3.95 million tons of soy to China, which was an annual increase of 70.9 percent.

Brazilian soy accounted for around 60 percent of soy imports by China in April, which totalled 6.503 million tons, rising almost 64 percent against April 2013.

In 2013 China was Brazil’s largest trading partner. (macauhub/BR/CN)