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China increases its purchasing of soybeans from the US

A trade agreement between China and the US is allegedly moving closer, and the soybean trade is key to these negotiations. New numbers show that China has increased its import from the US significantly.

Photo: Natacha Pisarenko/AP/Ritzau Scanpix

More soybeans are shipped from the US to China, and this is happening as part of the current negotiations for a new trade agreement, reports CNBC.

According to Xiaoping Zhang, head of the US Soybean Export Council, China has between September and November this year imported 13 times more soybeans from the US than in the same period last year, show data from both countries.

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