China's soybean imports in the third quarter are expected to reach a massive volume

Oil World: China's soybean imports in July this year could reach as high as 9.5 million tonnes

According to the Hamburg, Germany-based industry publication Oil World, China's soybean imports in July 2015 could reach 9.2 million to 9.5 million tonnes.

By comparison, statistics released by the General Administration of Customs of China early this week showed that China imported 8.09 million tonnes of soybeans in June 2015, the second-highest record for the same period in history.

Oil World said China's soybean stocks have increased, and by the end of July soybean stocks could be about 3 million tonnes higher than the same period last year.

Commerzbank analysts say China will import large quantities of soybeans in July/August

Chinese customs data show that China's soybean imports in June reached 8.09 million tonnes, the second-highest record for the same period in history and the highest monthly import volume so far this year, as cheaper South American soybeans attracted the purchasing interest of Chinese buyers.