China is expected to curb imports from one of its largest soybean suppliers, Argentina, in a bid to save the domestic soybean industry, trade representatives from a meeting with the government said Wednesday.
They did not say if soybeans from the United States, another major supplier, would be subject to any restrictions.
Argentine soybean oil imports with residual solvents of more than 100 parts per million (ppm) will be barred from the Chinese market as of Thursday, according to heads of domestic grain and oil giants attending a briefing given by the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products, which is affiliated with the Ministry of Commerce.