Chinese soybean imports were 7.56 million tons in June 1.3% lower than in May and 6.6% lower than in June 2015. CNGOIG Industry Association expects an increase of imports to around 8.5 million tons for July but. In subsequent months, imports but significantly behind that of the same period should fall behind earlier years. So the estimate of the Association for September imports is only 2.5 million tons.
A China News Service quoted the association with an estimate for a year import volume of 79 million tons, four million tons less than in the last estimate of the Association. Also the USDA finally came from 83 million tons of soybean imports. For the lower estimate, there is yet no confirmation.
