“The proposed 25% import duty on US soybean is potentially negative for China-based soybean crushers as this will raise their raw material costs,” says analyst Ivy Ng Lee Fang in a note on Thursday.
SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Agri-Resources.
