China increases soybean imports from Argentina to 20 cargoes, traders report

1 min read
Source: Reuters
China increases soybean imports from Argentina to 20 cargoes, traders report
Photo: Reuters
TL;DR Summary

China has increased its soybean imports from Argentina to about 20 cargoes following the temporary removal of Argentine export taxes, which has made Argentine soybeans more competitive and reduced reliance on U.S. soybeans amid ongoing trade tensions. Most shipments are scheduled for November, with some for the next year, and the move is expected to continue boosting Argentine exports before the October 31 quota deadline.

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