Nation can find more soybean sources

China is capable of coping with the reduction of soybean imports from the United States as it has many import channels from global markets such as Brazil and Argentina to ensure its grain security, said a government agency and grain traders.

China National Grain and Oils Information Center said China's 25 percent import tariff on US soybeans will increase US soybean import costs to between 700 yuan ($105) and 800 yuan per metric ton, which is around 300 yuan higher per ton than the same shipments from Brazil.

The center, which is under the State Grain and Reserves Administration, analyses China's food supply and demand, and predicts future market changes.