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Chinese imports of soybeans from the United States fell by 99% in December, to 69 298 tonnes, according to customs data released on Friday, bringing imports for the year 2018 at their lowest level since 2008 after the war.
This was the second consecutive month in which Chinese imports from the United States were virtually parked, although some acquisitions were resumed while negotiations were underway between the two largest economies in the world.
deliveries in December rose from 6.19 million tons the previous year. China did not import any grain from the United States in November.
Imports from the United States totaled 16.6 million tonnes year-round, about half of the 32.9 million tonnes issued in 2017.
In contrast, bought 4.39 million tonnes of soybeans in Brazil in December, up 126% from 1.94 million tonnes a year ago, according to data from the General Administration of Customs.
China generally gets the bulk of its oilseed imports in the last quarter in the United States, with the US crop currently reaching the market.
But purchases fell sharply after the establishment of a 25% Beijing customs duty on US soybean imports on July 6 as part of the trade dispute. To fill this gap, China has intensified imports from Brazil.
Harvest Timing 2018/19 soybeans continued to accelerate this week, AgRural said Friday, noting that Brazil had already harvested 13% of the crop. cultivated areas, according to the communique.
Up to the previous week, Brazilian producers had harvested 6% of the area.
The harvest continues earlier than the same period last year, while the index was 4%, as well as the historical average (3%).
In Mato Grosso, the harvest reached 29% of the area, while in Paraná it grew by 18%. Goiás has already collected 14 percent.
"In addition to the steady pace of harvesters, the negative impact of irregular rains and high temperatures in January on the development of several state plantations is attracting attention," said AgRural, noting that " this should lead to a further reduction in the production estimate, which will be reviewed by AgRural during the first week of February. "
On the 9th, Brazil's soybean production in 2018/19 had already been reduced by AgRural in 4, 5 million to 116.9 million tonnes
Source: Reuters
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