Brazil’s soybean shipments to China rise to 78%
Brazil’s soybean exports reached 12.3 million tons, up 9% year-on-year, the country’s Secretariat of Foreign Trade (SECEX) reported. It was noted that in July, the share of shipments to China increased to 78% of total exports.
The average daily export volume in August was 462,409 tons, up 26.5% year-on-year. Revenue from soybean exports in August was $350 million.
In January-July of this year, Brazilian soybean exports totaled 77.2 million tons (up 2.4% year-on-year), of which 75% were shipped to China (the highest figure since 2018).
Earlier, the US Department of Agriculture’s Foreign Service noted that China would begin to gradually reduce demand for soybeans in the near future. Total grain imports are projected to decline to 113 million tonnes by 2034, representing an average annual decline of 3.1%.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
UkrAgroConsult presents market research on Ukraine’s livestock sector under condit...
Rains bring relieve for Romanian farmers, who switched to rapeseed from spring crops
China’s decision on US soybeans could weaken palm oil’s competitiveness
Russia’s wheat shipments fall 18% in Q1 MY 2025/26 on weaker demand, higher compet...
Sunseed prices in Ukraine rise due to delayed harvest
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon