China increased its soybean imports in 2017
According to Oil World analysts, in January – November 2017 China increased soybean imports to a record 85,9 million tons against 74,2 million tons imported during 2016.
Major share in soybean imports accounted for by Brazil, which for the year has increased its sales from 37.7 to 48.9 million tons of soybean Imports from the U.S. also increased from 25.5 to 26.6 million tons, while Argentina has reduced the supply from 8.01 to 5.9 million tons.
the Import of rape seeds in China during the year rose from 3.32% to 4.4 million tons. Canada, whose share in the volume is 90%, increased deliveries from 3.26 to 4.23 million tonnes of canola Imports from Mongolia increased from 32 to 89 thousand tons, while Australia has reduced the supply from 63 to 55 thousand tons.
During January - November was recorded the growth in demand from China for oilseed meal. In particular, imports of soybean meal increased from 23 to 59 thousand tons and rapeseed – 534 up to 909 thousand tons