Brazilian traders: China's growing interest in Brazilian soybean procurement

Introduction: osterdowjones, Sao Paulo, April 23: Brazilian traders said on Tuesday that Chinese buyers are increasingly interested in their soybeans and soybean products Although no deal has been reported, traders expect Brazil's soybean exports to China to start in May Brazil's first shipment of Brazilian soybeans left the port on Wednesday after the Chinese government began implementing import regulations on March 20, according to a local shipping report Q7r is still debating whether the Brazilian soybean freighter named silvrett will go to China, but port sources say it is almost certain that the ship is "going in this direction" Q7r Chinese authorities say they need Brazil's soybeans and soybean products shipped from ports in the northeast or southeast of Brazil to ensure they are not contaminated by GM soybeans Q7r all soybeans exported from Brazil should be non GMO soybeans because of the ban on planting transgenic technology in Brazil However, it is well known that most of the soybean products in the southern province of Rio Grande are planted illegally Some surveys show that two-thirds of the soybean production is planted with genetically modified seeds smuggled from Argentina Q7r China requires third-party safety certification for soybeans imported from Brazil, such as the United States or Argentina, but because the isolation of genetically modified soybeans and non genetically modified soybeans in the south is not obvious, soybeans shipped from Santos or the north will be safer But a trader at a multinational soybean exporter and crusher says China is more concerned about prices At present, the price of soybeans in the northern port is 15 cents higher than that in the southern port Q7r according to the local shipping report, a cargo ship has arrived at Rio Grande port in Rio Grande, south of Brazil, where it loads 4000 tons of soybean oil for export to China Q7r in 2001, China was Brazil's second largest soybean customer, second only to the European Union However, Brazil's soybean shipments to China came to a standstill after China began implementing new genetically modified regulations At present, according to the analysis of local people, Brazil is likely to obtain China's soybean business due to the problems brought by Argentina's economic crisis Brazil is the second largest soybean producer and exporter in the world Q7r (author:) to feed Weibo to: