China Grain Reserves Corporation¹ (Sinograin) has reportedly not purchased soybeans from the United States since April, and an increasing majority of its purchases of imported soy has come from countries in South America, according to People's Daily.

 

据报道，中国储备粮管理总公司从四月开始已不再购买美国产大豆，购买的进口大豆大部分来自南美洲国家。

 

In 2017, around 60 percent of soybeans imported by Sinograin came from South America, with 26.2 percent sourced from Brazil, and 43.2 percent from Argentina and Uruguay. Soybeans from the United States accounted for 30.6 percent of imports.

 

"In the past two years, Sinograin has proactively adjusted the source of its imports to lower the potential risk caused by over-concentration, and it has formed stable, mature, and multi-channel international supplies," said an unnamed Sinograin official. The official said that Sinograin prefers major soybean producers that maintain² sound trade relations with China, have stable policies, and offer lower taxes on imports.

 

Statistics³ from China's customs agency⁴ show that imports of soybeans from South America have been outpacing imports from the United States. From 2016 to 2017, China imported 93 million tons of soybeans, among which 45 million tons were from Brazil. This accounts for almost half, 48.5 percent, of total imports. Over the same period, China imported 37 million tons of soy from the United States.

点击收听单词发音