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China's soybean imports up 31% in Jun

Jul. 24, 2012 (China Knowledge) - China, the world's largest soybean importer, imported 5.62 million metric tons of soybeans in June this year, 31% more than in the same month of last year or 6% more than in May, according to the latest statistics released by the General Administration of Customs.

In the first half of this year, the country's soybean imports jumped 22.5% YoY to 29.05 million metric tons.

In 2011, the country's soybean imports amounted to 52.64 million metric tons, decreasing by 2.16 million metric tons from 54.8 million metric tons in the previous year.

China mainly imports soybeans from the U.S., Brazil and Argentina, and its dependence on imported soybeans is about 70% currently.

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