financetom
Business
financetom
/
Business
/
Brazil briefs China on banned soy cargoes, official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil briefs China on banned soy cargoes, official says
Apr 10, 2025 10:33 AM

SANTOS, April 10 (Reuters) - The Brazilian Agriculture

Ministry sent documentation last Monday relative to soybean

cargoes halted by China over plant health issues in January, an

official said on Thursday.

Hugo Caruso, vegetable products inspections director at the

ministry, told Reuters on Thursday that the ministry had been

gathering information on the origin of the grains from the

concerned firms before providing detailed explanations to

Beijing.

Speaking on the sidelines of an event hosted jointly by the

Santos Trade Association and grains exporter group Anec, Caruso

said the Brazilian government cannot predict what China's

response is going to be, nor when it will come.

Brazil is the world's largest soybean producer and exporter.

China, the largest importer, is expected to turn to the South

American nation for additional supplies amid the trade war with

the United States.

Terra Roxa Comercio de Cereais, Olam Brasil, C.Vale

Cooperativa Agroindustrial, and U.S. grain traders Cargill and

ADM were affected by the January suspensions, which only

concerned small batches of soybeans, according to the Brazilian

government at the time.

Even though specific units of the affected companies remain

suspended by China, other suppliers belonging to the same

traders have been able to continue soy shipments to China,

Caruso said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Syrian fact-finding committee for sectarian killings says no one above the law
Syrian fact-finding committee for sectarian killings says no one above the law
Mar 11, 2025
DAMASCUS, March 11 (Reuters) - A Syrian fact-finding committee investigating sectarian killings during clashes between the army and loyalists of Bashar al-Assad said on Tuesday that no one was above the law and it would seek the arrest and prosecution of any perpetrators. Pressure has been growing on Syria's Islamist-led government to investigate after reports by witnesses and a war...
RB Global to Acquire J.M. Wood Auction for Undisclosed Sum
RB Global to Acquire J.M. Wood Auction for Undisclosed Sum
Mar 11, 2025
08:45 AM EDT, 03/11/2025 (MT Newswires) -- RB Global ( RBA ) , an omnichannel marketplace, on Tuesday said it will buy J.M. Wood Auction for an undisclosed amount. This move enhances our geographic coverage in Alabama and adjacent states and brings along the Wood family and their talented team of sales professionals with deep local relationships on board, said...
Guardant Health Says Colorectal Cancer Test Granted ADLT Status
Guardant Health Says Colorectal Cancer Test Granted ADLT Status
Mar 11, 2025
08:47 AM EDT, 03/11/2025 (MT Newswires) -- Guardant Health ( GH ) said Tuesday that the Centers for Medicare and Medicaid Services has granted Advanced Diagnostic Laboratory Test, or ADLT, status for Guardant's Shield blood test to screen for colorectal cancer. Guardant said the ADLT designation means the Shield test meets the criteria for providing clinical information that can't be...
LCI Industries Plans $400 Million Senior Notes Offering
LCI Industries Plans $400 Million Senior Notes Offering
Mar 11, 2025
08:49 AM EDT, 03/11/2025 (MT Newswires) -- LCI Industries ( LCII ) said Tuesday that it intends to offer $400 million of convertible senior notes due 2030 in a private placement. The company said it expects to give the initial purchasers a 13-day option to buy up to $60 million more of notes. LCI said it plans to use the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved