China Soybean Imports Set for Biggest Drop in 12 Years Amid Tariff Conflict

China Soybean Imports Set for Biggest Drop in 12 Years Amid Tariff Conflict
Soybean seeds in a container at a farm in Gideon, Missouri, U.S. on May 16, 2018. Shannon Stapleton/Reuters
Reuters
Updated:

China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the China-U.S. trade war and high domestic stockpiles.

Soybeans, crushed to make protein-rich animal feed ingredients and vegetable oils, have been at the heart of the tit-for-tat trade dispute between the world’s top two economies.