Columbia Grain Trading stops some new soybean sales to China.

soya beans and milk

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Columbia Grain Trading Inc. (owned by Japan-based Maurbeni Corp.) says they will stop all new soybean sales to China due to falling sales as of July 24th. The reasons cited include falling sales volume to China due to the trade war with the US.

China was the top buyer of U.S. soybeans until Beijing levied a 25% tariff on shipments of soybeans from the US in response to US tariffs on Chinese goods.

China imported 16.6 million tonnes of soybeans from the United States in 2018, about half of the 32.9 million tonnes purchased the in 2017 before the trade war.

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