China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
Imports last month from the U.S. fell to zero from 1.7 million tonnes a year earlier.
Shipments fell because of the high tariffs China has imposed on U.S. imports and as previously harvested U.S. supplies, known as old-crop beans, have already been traded.
Brazil arrivals last month jumped 29.9 per cent year-on-year to 10.96 million tonnes, accounting for 85.2 per cent of China’s total imports of the oilseed, while shipments from Argentina rose 91.5 per cent to 1.17 million tonnes, or nine per cent of the total.
