Chinese authorities has lowered its forecast for its soybean imports amid an escalating trade war with the United States, China's major soybean supplier, and outbreaks of African swine fever which has reduced the demand for imported beans.
China is expected to import 83.5 million tons soybeans for the 2018/2019 crop year, 1.5 million tons fewer than its forecast in July, said the Ministry of Agriculture and Rural Affairs in a statement. The crop year for soybean . . .
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