More than 12.2 million tonnes of soybeans entered China in August – the second-highest monthly total the country has ever recorded after May’s 13.9 million tonne inflow, according to detailed Chinese customs data released over the weekend. Brazil provided 10.49 million tonnes – or more than 85 per cent – of those imports, as a bumper crop allowed China to increase its purchases from the South American nation by 2.4 per cent year on year. China has now logged four consecutive months of record soybean imports, as the country tries to hedge against potential supply uncertainty in the fourth quarter caused by the ongoing trade war with the United States.
