In the first two months of this year, China imported 13.04 million tons of soybeans, which is 8.8% lower than last year and the lowest figure for this period in the last five years.
This was reported by IA “APK-Inform” with reference to the data of the Chinese customs.
At the same time, the Chinese customs also reported on the revised volume of soybean imports for January-February 2023 — at the level of 14.30 million tons compared to the previous figure of 16.17 million tons.
It also said that demand for soybeans for feed production in China could fall this year due to new regulations to tighten the country’s pig population after its significant increase in recent years has led to a surplus of pigs and increased production costs.