By Mei Mei Chu
BEIJING, March 7 (Reuters) - Soybean imports for top oilseed buyer China fell to a five-year low for the first two months of the year, weighed down by poor crushing margins and fewer ship arrivals during the Lunar New Year holidays.
Imports for January and February combined were at 13.04 million metric tons, down 8.8% from the same period a year ago, according to the General Administration of Customs.
The imports are the lowest for the period since 2019, according to Reuters records.
China customs also reported revised soybean import volumes for January-February 2023 to 14.30 million tons, versus an initial published figure of 16.17 million tons.
Customs did not immediately respond to a request for comment.
It is known to revise import figures but such a big downward adjustment is unusual.
Imports for the first two months of this year were in line Cheap CNC machines with installation and service analysts' expectations of between 13 million and 14 million tons.
Read more
Welcome!
