China’s soybean imports were the second highest on record in July as processors increased purchases of cheaper Brazilian supplies and demand for hog feed recovered.
The country imported 10.09 million tons last month, up from 8.64 million tons a year earlier, and near June’s record of 11.16 million tons, according to customs data. Purchases were just above the 10.08 million tons in July 2017. Imports in the first seven months rose 18% on year to 55.14 million tons.
China also imported a record amount of meat and offal in July as the world’s top pork consumer boosted purchases from abroad to meet a deficit and cool record pork prices after outbreaks of African swine fever slashed herds.
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