# China’s soy imports slowed by stricter customs checks

> China's April soybean imports fell 10% from a year earlier to 7.26 million tonnes, well below the 9 million tonnes traders expected. Stricter customs checks held cargoes at bonded warehouses for up to two weeks until quarantine permits were granted.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/35936-china-s-soy-imports-slowed-by-stricter-customs-checks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Delayed discharge slows crusher intake of soybeans and reduces near-term demand for meal, which weighs on soybean and meal prices. Importers may also need to restock later, which could support prices once the backlog clears.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-06-02 | [China’s stricter customs checks for soyabeans leads to costly delays,…](https://feedsoft.ai/events/35459-china-s-stricter-customs-checks-for-soyabeans-leads-to-costly-delays.md) | +2.5% | +17.1% |
| SOY | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | +1.5% | +7.7% |
| SOY | 2023-11-07 | [China's imports unexpectedly grow](https://feedsoft.ai/events/14799-china-s-imports-unexpectedly-grow.md) | +2.1% | -2.6% |
| SOY | 2022-11-07 | [China’s October soybean imports slide to lowest in eight years](https://feedsoft.ai/events/38680-china-s-october-soybean-imports-slide-to-lowest-in-eight-years.md) | +0.3% | -0.9% |
| SOY | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +5.3% |
| SBM | 2020-01-14 | [China's pork imports climb 75%](https://feedsoft.ai/events/55067-china-s-pork-imports-climb-75.md) | +0.0% | -2.7% |
| SBM | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | -1.4% | +1.2% |
| SBM | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +4.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-soy-imports-slowed-by-stricter-customs-checks/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.