China's soybean imports fell 24% in May from the same month last year, cust...
BEIJING - China’s soybean imports fell 24% in May from the same month last year, customs data showed on Monday, as the ongoing Sino-U.S. trade war and deadly African swine fever checked demand.
China imported 31.75 million tonnes in the first five months of 2019, down 12.2% from the same period last year, as higher tariffs on shipments from the United States, China’s second-largest supplier of soybeans, curbed buying. But Beijing again stopped buying new cargoes from the United States in early May when Sino-U.S. trade tensions were renewed. China plans to stockpile up to 7 million tonnes of U.S. cargoes booked during the earlier trade truce in preparation for a protracted trade war.
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