date:Jul 05, 2018
mposed, said Gao Yanbin, an investment manager with agriculture investment firm Shanghai Shenkai Investment Co. The tariff rate is too high which will make crushers lose money.
Some cargoes will get through because shipments destined for state reserves are free from tariffs, Gao said. China holds unspecified volumes of state reserves of both domestic and imported soybeans. China had been forecast to buy 97 million tons of soybeans this marketing year.
Analysts dont expect many soy cargoes from