Brazil, US soybean exports to Middle East may dip amid ongoing conflict
In Ukraine, UkrAgro Consult reported that soybean exporters in Brazil and the US may see a dip in exports over the next few weeks amid the geopolitical tensions in the Middle East, according to traders based in the US and Brazil.
“The overall volume is very small. But a long term war will impact some shipments over the next few weeks at least,” a trader based in the US said.
The escalation in the Middle East conflict following the killing of Iran’s Supreme Leader Ali Khamenei on March 1 has raised fears of shipping disruptions, which will likely impact freight rates and support maritime risk premiums for key metals and agricultural supplies, according to the report.
Iran and Israel are not major players in global agricultural and metals markets, but their proximity to key sea routes has created uncertainty for buyers and suppliers.
Shipments in transit around the area are likely to be delayed over the next few weeks, an exporter based in Brazil said.
In 2025, Iran imported 1.4 million metric tons of soybean from Brazil, down 25.3% year over year, according to data from Brazil’s Secretariat of Foreign Trade. Brazil also exported 675,091 metric tons of soybean to Iraq in 2025, up 11.7% year over year, the data showed.
Category: Food & Agriculture
