In October, China, known as the largest buyer of soybeans globally, saw a decline in their soybean imports. According to the General Administration of Customs of China, the country imported 5.16 million tonnes of soybeans, which reflects a 27.8% decrease compared to the 7.15 million tonnes imported in September. This significant drop in imports could have various reasons, such as a decrease in demand or changes in trade policies. It will be interesting to monitor the future trend of China’s soybean imports and how it might impact the global soybean market.
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