China: Shanghai witnesses increase in soybean imports from U.S.
(MENAFN) On Wednesday, Oct. 6 customs authorities stated that Shanghai witnessed its soybean imports from the United States rise to 2.53 million tonnes in the January-August period of 2021, a rise by 91 percent year over year, making up 31.1 percent of its whole imported soybeans in the first eight months.
The city imported an overall of around 8.15 million tonnes of soybeans in the cited period, a climb of 7.4 percent from the corresponding period of 2020.
The megacity imported around 5.62 million tonnes of soybeans from Brazil, a decrease by 7.8 percent year over year, making up 68.9 percent of its whole imported soybeans in the very period.
Figures from Shanghai Customs demonstrated that the whole value of soybean imports in Shanghai from during the first eight months hit 26.46 billion yuan (around USD4.1 billion), a rise by 27.9 percent year over year.
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