China's soybean imports in February fell to their lowest monthly level in f...
BEIJING - China’s soybean imports in February fell to their lowest monthly level in four years, as buying slowed amid uncertainties over trade relations with the United States and flat demand for soymeal, customs data showed on Friday.
“The low figures were still mainly because of tariffs on U.S. soybeans,” said Tian Hao, senior analyst with First Futures. The February figures were also 40 percent down from 7.38 million tonnes in January, the data showed, as crushers slowed production during the Lunar New Year holiday. Soybean imports usually ease in the month of the week-long festival, which fell in early February this year, as businesses close.
China has reported 111 outbreaks of the disease in 28 of its provinces and regions since August 2018.
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