Brazil Imports US Soybeans to Restore Exports to China - Plataforma Media

Brazil Imports US Soybeans to Restore Exports to China

Purchases abroad are made at prices higher than sales in the first half

Brazil, the world’s largest soybean producer, will have to rely on imports from the United States to face the off-season after mass exports to China in the first half.

The need for imports reflects the drop in domestic inventories caused by the large volume of exports and the increase in domestic demand. It occurs at a time of high grain prices, which are more expensive than in the months when the country sold its production abroad.

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