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China’s soybean import plunged to six-year low

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The world’s top soybean buyer usually gets most of its oilseed imports from the United States in the final months of the year when the U.S. harvest comes to market.

But purchases have plunged since Beijing hit the product with a 25 percent tariff on July 6.

November imports, which were the lowest since the 5.2 million tonnes imported in October 2016, were also down 22.2 percent from 6.92 million tonnes imported in October.

China . . .

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