China's soybean imports record cheap offers from South America

The world's largest soybean importer, China has taken a 8.09 million tons of soybeans from abroad in June. This is the second-largest amount of import in a month; Thus, the oil mills of the country use the cheap offers from South America. The amount is also the largest month import volume this year and is 26.6% over the same month of the previous year and 32% above the may import quantity. The customs statistics also shows that soybean imports by 2015 have increased in the first half of 2.8% to 35.16 million tonnes. The pressure on the world market remains is very large, so that China will import large amounts of oilseed in July with 8.3 million tons and August with 7.4 million tons. Due to the pig compared to 30-40% lower, imports but should decrease the September when she starts U.S. - Exportsaison.
In the last two weeks, the local prices for soybean meal in China have grown by his 8-month low and hit wages have improved, but still negative.
The large imports combined with a weak national demand lead to higher stocks in the port areas. With 4 million tons, they are still 1 million tons less than in August 2014.
China has also imported 690,000 tons of edible oils in June; 30% more than in the previous year. In the first half of the year, imports fell however by 23.9% to 2.74 million tons. China imports mainly palm oil, rapeseed oil and soybean oil.

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