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Brazilian farmers beef up soybean production as China halts business with US during trade fight
Brazilian soybean exports to China surged to 77 million metric tons this year as Chinese tariffs on U.S. soybeans pushed prices higher, boosting Brazil’s market share.
- Brazilian farmers are increasing soybean production as China seeks alternatives due to trade tensions with the U.S.
- Between January and August, Brazil exported 77 million metric tons of soybeans to China, while imports from the U.S. dropped significantly.
- China's customs data shows no soybean imports from the U.S. in September, marking the first time since November 2018 that this occurred.
- Rodrigues stated, 'The U.S.-China trade war opens an opportunity for us here,' highlighting the benefits to Brazilian farmers from the current trade dynamics.
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Brazilian farmers beef up soybean production as China halts business with U.S. during trade fight
Brazilian farmers are increasing soybean production as the U.S. and China engage in a trade fight. The conflict has shut American soybeans out of the Chinese market, leading China to seek more Brazilian supply. China’s customs body reported no U.S. soybean imports in September, a first since November 2018.
·Saint Paul, United States
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Associated Press News+35 Reposted by 35 other sources
Brazilian farmers beef up soybean production as China halts business with US during trade fight
Brazilian farmers are increasing soybean production as the U.S. and China engage in a trade fight. The conflict has shut American soybeans out of the Chinese market, leading China to seek more Brazilian supply.
·United States
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Total News Sources39
Leaning Left7Leaning Right3Center27Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 19%
C 73%
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