China now buys 61% of the world’s traded soybeans

AI Summary

China has increased its share of the world’s traded soybeans to 61%, now the dominant importer amid rising geopolitical risks affecting fertilizer supplies and South America’s expanding role in agricultural exports. Global agricultural trade is expected to grow 2.3%.

China’s growing reliance on imported food, South America’s expanding dominance in agricultural exports and mounting geopolitical risks around fertiliser supply are reshaping global agricultural trade and will lead to 2.3% growth in global agricultural trade, according to the latest Agri Markets 360 report launched today (6 July) by shipbroker IFCHOR GALBRAITHS. The new annual research ...