China buys record amount of Russian soybeans after canceling US orders
Ram Gopal Yadav (7 years ago)

China has purchased record amounts of soybeans from Russia in recent months amid trade tensions with the U.S. Russian sold 850,000 metric tons of soybeans to China between July 2017 and mid-May this year. The record sales represent more than twice the 340,000 tons sold during the previous growing period. The move comes amid China’s halt on purchases from the U.S., the world’s largest producer of soybeans. China has cancelled multiple U.S. shipments in recent weeks ahead of tariffs, including a 62,690-ton purchase on April 19.