Agropages reported: On the morning of August 7, the latest data from the General Administration of Customs showed that in the first seven months of this year, China imported 55.135 million tons of soybeans , an increase of 17.7%, and the average import price was 2729.6 yuan per ton, down 0.5%. . Among them, 10.091 million tons of soybeans were imported in July, a decrease from 11.16 million tons in June.

Among the countries that supply soybeans to China, Brazil 's performance is more impressive. Data show that my country imported 10.52 million tons of soybeans from Brazil in June, an increase of 91% year-on-year, accounting for nearly 95% of my country's total imports. This data also set a single-month highest purchase record in my country.

Some analysts pointed out that there are two main reasons for China's boost in demand for Brazilian soybeans. First, as the pig industry recovers, China's demand for soybeans continues to grow. Secondly, Chinese buyers seize the opportunity of lower soybean prices in Brazil at the right time, and better weather is conducive to Brazilian soybean exports.

It is worth noting that in the first half of this year, Brazil completed the export sales of more than 60 million tons of soybeans, and also pre-sold nearly 40% of the newly planted soybeans. Coupled with the smooth export of agricultural products to China, the country's agricultural export trade has also achieved outstanding results.

According to a survey by the Brazilian Ministry of Agriculture, Brazil’s agricultural exports to China reached US$20.5 billion in the first half of this year, accounting for 40% of Brazil’s total agricultural exports. Among them, oilseeds and protein accounted for 87% of Brazil's total agricultural exports to China, while soybean exports to China accounted for 72% of the country's total soybean exports.

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