Brazil shipped a record (mt) of soyabeans to China between January and August, representing 78.8% of its total exports of the commodity, up from last year's figures of 44.1 million mt or 77.5%. Overall, Brazilian soyabean exports rose 20% YoY to $25.72bn by value for the period, reaching 50.9 million metric tonnes 64.6 million mt by volume. Soyabean shipments to China made up 30% of Brazil’s overall agriculture exports, as it benefits from the trade war between the US and China, but also grows reliance on the Far East.
Brazil shipped 50.9 million metric tonnes (mt) of soyabeans to China between January and August, representing 78.8% of its total exports of the commodity, up from last year's figures of 44.1 million mt or 77.5%. Overall, Brazilian soyabean exports rose 20% YoY to $25.72bn by value for the period, reaching a record 64.6 million mt by volume. Soyabean shipments to China made up 30% of Brazil’s overall agriculture exports, as it benefits from the trade war between the US and China, but also grows reliance on the Far East.