Brazil favors soybean export to China
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Last Update: 2002-04-22
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Source: Internet
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Author: User
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Introduction: osterdowjones, Sao Paulo, April 19: Brazil's soybean traders said Friday that due to the uncertainty of Argentina's export tax and export credit, Argentina's export trade continued to stagnate, and Brazil's soybean exports will continue to benefit from it In addition, the Brazilian market continues to pay close attention to Chinese demand Two weeks ago, Brazil's senior soybean industry leader said China could resume soybean procurement in 10 to 20 days On Wednesday, April 17, a ship of Brazilian soybeans left for China, according to local shipping reports This is also the first Brazilian soybean ship to China since China implemented the genetically modified regulations on March 20 But local trade sources said the ship, silvrett, left the port of St Louis in northeastern Brazil for China, but the real destinations were Taiwan and Malaysia However, local buyers said they are confident that Chinese buyers will purchase Arabian soybeans instead of us soybeans when they resume soybean procurement, as the price of Brazilian soybeans is much cheaper than that of us soybeans (author:) share to feed Weibo share to:
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