Latest News

China's suspension of 5 Brazilian soy exporters to last 2 months, says Brazilian authorities

China's suspension earlier this month of Brazilian soybean exports from five business after cargoes did not fulfill plant health requirements will last two months, a leading Brazilian farming official informed Reuters on Friday.

Brazil is the top soybean exporter to China, which is the world's top importer. Brazilian farmers and exporters compete with counterparts in the United States for the Chinese market.

China suspended imports from the five business on Jan. 8 and Jan. 14 after freights failed to satisfy Chinese import requirements. The 5 suspended units are part of operations that represented more than 30% of the more than 73 million metric lots of soybeans that Brazil exported to China in 2024. However, other units of the same companies have actually not been suspended.

The farming ministry is examining the concern and would send clarifications to China in due course, Luis Rua, agriculture ministry's commerce and global relations secretary, informed Reuters on Friday.

Rua was unaware of the number of cargoes involved, or their origin, however said just a small volume was involved.

The five units were only a portion of the 1,700 Brazilian attire authorized to export soybeans to China, he said.

Brazilian soybean exports are because of surge over the coming weeks as more of the harvested crop is moved to market. Brazil sells about three-quarters of its soy exports to China.

The business affected by the suspensions had a conference with government officials in Brasilia on Thursday, according to Anec, a Brazilian association representing global grain traders. Anec declined to name the business or offer more details.

The 5 companies with units suspended were international merchants Cargill, ADM and Olam, and Brazilian outfits C.Vale and Terra Roxa. Cargill and ADM provided no immediate talk about the conference. Terra Roxa declined to comment.

The short-term suspension impacted only one of C.Vale's. units, a C.Vale spokesperson stated, adding that other units could. continue exporting.

The soybeans were most likely exported from the port of Paranagua. provided the shippers included, one grain trader stated.

The Paranagua port authority said it had actually not gotten any. main interaction indicating that any ship that has. departed from Paranagua was under suspicion in Chinese ports.

(source: Reuters)