Jan-Apr imports down 1% on year to 28.36 mil mt Crush margins negative on poor hog margins China’s soybean imports in April fell 8.5% year on year to 8.08 million mt, according to a General Administration of Customs report released May 9.
The world’s largest soybeans importer and consumer has been slow in purchasing the oilseeds in 2022. China imported 28.36 million mt of beans in the first four months of the year, down 0.8% on the year, the data showed. Negative crush margins have been weighing heavily on the country’s oilseed imports demand, a Shanghai-based consultancy said. China Soybean gross crush margin (June) was assessed at minus $21.88/mt on May 6, compared with $7.50/mt a year earlier, according to S&P Global Commodity Insights. The country’s hog margins have been poor due to the […]