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China’s farm goods imports surged in June, likely to remain strong due to gaps in domestic supply

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Chinese imports of agricultural goods surged in June as buyers stockpiled farm products to hedge against possible supply disruptions caused by deteriorating relations with the United States and fill gaps in domestic production, analysts said.

By the end of the month, imports of grains – including wheat, barley, corn, rice, sorghum, and soybeans – had jumped 80.6 per cent from a year earlier, accelerating from the 32.4 per cent increase recorded in May and a sharp reversal . . .

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