Brazil strengthens soybean and soybean oil to enter Chinese market

Introduction: with China's accession to the WTO approaching, Brazil is stepping up to enter the Chinese market, among which soybeans, soybean oil, etc have become the first choice According to relevant news, Brazil's traditional export markets are the United States, the European Union and Mercosur, but under the influence of market dispersion and Global trade, Brazil is making every effort to develop emerging markets From January to May 2001, Brazil's exports to China, the Commonwealth of Independent States, Saudi Arabia, South Africa, the United Arab Emirates and Iran increased by 156.5%, 146.98%, 40.3%, 59.2%, 139.4% and 88.6%, respectively In emerging markets, China has become Brazil's main export target due to its consumer market with a population of 1.3 billion and its advantage of 8% economic growth rate in the first half of this year From January to May this year, Brazil's exports to China increased from US $259 million in the same period of 2000 to US $666.8 million, which also increased from 1.22% to 2.7% of Brazil's total exports Brazil exported $239.89 million of products to China in May, up from $72.69 million in the same period last year Among the export projects to China, soybean exports grew rapidly From January to May this year, 1.16 million tons of soybeans were exported to China, a significant increase of 582% compared with the same period last year This is mainly because of the drought and poor harvest of soybeans this year, which made 2500 refineries in China have to rely on imports According to the Brazilian vegetable oil industry association, China's soybean consumption this year is expected to reach 15 million tons, of which 4.5 million will come from Brazil Brazil's main soybean exporter said that this year, the company's export volume is estimated to increase by 23% to US $185 million, of which the export volume to China will increase from 62400 tons to 116700 tons and the export volume will reach US $19.9 million In addition to soybeans, Brazil is also interested in the export of soybean oil with high added value However, due to China's current import tax of 122.5% on the product, it is impossible to export it The industry estimates that the situation will change after China's accession to the World Trade Organization (WTO) After China's accession to the WTO, Brazilian products such as orange juice, coffee, chicken, pork, lobster, special wood, marble and other products have great space to enter the Chinese market (author:) share to feed Weibo share to: