date:Jul 05, 2018
erating in the fourth quarter and early first quarter they will need to import U.S. soybeans even with a 25 percent tariff, as there are no other options to cover the shortage, said Paul Burke, North Asia regional director with the U.S. Soybean Export Council. China imported about 25 million tons from the U.S. in the fourth quarter of 2017 and the first quarter of 2018, according to customs data.
China will have the worlds most expensive soybeans, which may boost domestic prices of soybean meal