In Brazil, Globo reported that Brazil shipped nearly 11 million tons of soybeans to China in September alone, an increase of about 30% compared to the same period in 2024.
“Soybeans are a commodity. So, we don’t set a price for this product. And to improve this price, we need to have buyers. So, this increase in Chinese consumption is important for our continued growth. With China consuming less from the United States and focusing more on South America, we can sell our soybeans better,” says Deise Bissoni, finance director of an agricultural group.
In April, China imposed a 20% tariff on American products in response to trade measures adopted by US President Donald Trump. In May, Chinese purchases of soybeans from the United States were suspended, and interest in Brazilian soybeans increased, according to the report.
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Category: Food & Agriculture
