Louis Dreyfus, Cargill ensure Brazil, not U.S., dominates China bean buying — Panjiva
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Louis Dreyfus, Cargill ensure Brazil, not U.S., dominates China bean buying

Ags - Grains/Beans 318 Brazil 415 China 3048 Consumer Staples 805 Trade Deals 1017 U.S. 5399

The Chinese government is boosting its stockpiles of grains and soybeans ahead of a potential resurgence in COVIC-19. Purchases also need to increase to meet its trade deal commitments made to the U.S. Panjiva’s analysis of USDA data shows China still has a long way to go on the latter with export orders for soybeans year-to-date as of May 14, 2020 reaching just 3.73 million tons, or just 8.3% the level of sales in the same period of 2017. Brazilian exporters are continuing to dominate Chinese imports, with shipments of soybeans from Brazil to China having surged 43.2% year over year in ...

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