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China s June soybean imports hit third highest monthly level

Article content Chinese crushers booked large volumes from top global supplier Brazil earlier in the year to profit from good margins on strong demand as the country’s pig herd recovers rapidly. Rains in Brazil slowed the harvest and exports of the oilseed earlier in the year, but shipments have picked up in recent months and delayed cargoes have started arriving. China took 48.96 million tonnes of soybeans in the first six months of the year, up 8.7% from 45.04 million tonnes in the same period of 2020. Chinese appetite for soybeans later in the year might weaken as high-cost imports and falling pig prices push crush margins into negative territory, analysts said. (Reporting by Hallie Gu and Shivani Singh; Editing by Clarence Fernandez and Tom Hogue)

China s coal imports hit 2021 peak in June

Article content Several regions in southern China, including Guangdong and Yunnan, ordered factories to stagger operations amid tighter power supply conditions in the second quarter. Coal fired-power plants are building up inventory as peak summer season kicks off in the country. The Chinese state planner has also been urging power plants, coal miners and transportation hubs to build around 100 million tonnes of deployable coal reserves by the year end. A number of coal mines across northern China reduced production in late June amid tightened safety inspections. A research institute affiliated to China’s State Grid estimated electricity consumption in July to increase around 12% from a year ago. (Reporting by Muyu Xu and Shivani Singh; Editing by Tom Hogue and Muralikumar Anantharaman)

UPDATE 2-China s June soybean imports jump 11 6% from May on surging demand

UPDATE 3-China s June soybean imports jump 11.6% from May on surging demand Reuters 20 hrs ago H1 soybean imports boosted by demand from recovering pig herd Popular Searches Pig prices have halved since beginning of year (Adds chart, grain imports details) By Hallie Gu and Shivani Singh BEIJING, July 13 (Reuters) - China s soybean imports in June rose 11.6% from May, customs data showed on Tuesday, continuing the trend of resurgent demand in the world s top buyer as it strives to meet meal demand for its burgeoning hog herds. China took in 10.72 million tonnes of soybeans in June, up from 9.61 million tonnes in May, and the third-highest monthly amount on record, data from the General Administration of Customs showed.

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