Data released by China's General Administration of Customs on Tuesday shows China imported 10.48 million ton soybeans from Brazil in June, 2021, 14% higher than 9.23 million ton in May. This is the second highest record in history because the pork industry of China revived from COVID19 pandemic, continuously supporting soybeans import demands.

However, compared to the 10.51 million import in the previous year which created the highest record in history, the soybean import in June dropped slightly since tiny squeezing profits restricted part import demands. On Monday, Shandong Squeezing Factory will suffer a loss of RMB339 once squeezing one ton soybeans. As pork price declines, the lower live pig farming profits lead to lower bean pulp demands.