Brazilian soybean imports by China increased by 11.7% in April compared to the previous year, data revealed on Monday. This rise comes as newly harvested and affordable Brazilian grains continue to arrive at Chinese ports, originating from Brazil, where production has been affected by floods.
According to data from the General Administration of Customs, China imported 5.92 million metric tons of the oilseed from Brazil last month.
While Brazil ships the majority of its soybean crop from March to June, the harvesting period, deadly floods in Rio Grande do Sul, a key producing state, halted harvesting this season and led to cuts in local soybean production estimates.
Meanwhile, U.S. soybean arrivals in April, China's second-largest supplier, increased by 44% compared to the same period last year, totaling 2.45 million metric tons. However, the total arrivals so far this year remain lower.
The total volume of soybean imports in April reached 8.57 million metric tons.
From January to April, Brazil's total shipments reached 15.9 million metric tons, representing a 72% increase compared to the same period last year.
Meanwhile, data shows that total U.S. arrivals in the first four months of the year were 9.58 million metric tons, a 40% decrease from the previous year.
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