China in November soybean imports increased by 7.8% year -on -year

China ’s soybean imports in November increased by 7.8%over the same period last year, but it is still lower than the expectations of traders.

According to Reuters, the data released by China Customs on Thursday (December 7) shows that the import volume of soybeans in November was 7.92 million tons, an increase of 7.8%over the same period last year, but due to the speed of customs clearance at the customs clearance of customs clearance, it was released.Slowly, soybean imports are still lower than the expectations of traders.

Earlier, China purchased soybean from Brazil, the largest soybean supply, so it is expected that Chinese traders predict that China's import volume will reach 10 million tons in November.At present, China is the world's largest soybean importer.

Some traders said that the time for Chinese customs to issue an import license is longer than before, which has delayed the unloading of the goods.

The soy boat needs to be automatically imported the license (AIL). The permit must be issued within 10 working days, but it is often issued within one day.

Traders said that Chinese customs now takes 10 days to handle licenses.

Data show that in the first 11 months of this year, the total imports of Chinese soybeans were 89.63 million tons, an increase of 13.3%year -on -year.

As the delayed goods were removed last month, traders believe that the volume of freight in December may surge.

In addition to Brazil's soybeans, China also purchased American soybeans in November.Reuters previously reported that these soybeans will be shipped from the US port from December this year to March next year.