China disputes Brazil's soybean with local processors; prices rise 10% in the month

China disputes Brazil's soybean with local processors; prices rise 10% in the month

Folha de S. Paulo

Auction to buy biodiesel, whose raw material is mostly soybean oil, boosts sales.

Brazil's soybean market gained an additional ingredient this week, local processors are in an increasing dispute over raw materials with the Chinese, as their demand for the South American product became greater, this is a consequence of the trade war with the United States.

There are reports in China's buying market of more than 1 million tons of soybeans from Brazil and Argentina just in the last two days, with the foreign exchange situation making life easier for importers.

Read more in Folha de S. Paulo

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