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China's suspension of five Brazilian soy exporters to last 2 months, says Brazilian official
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China's suspension of five Brazilian soy exporters to last 2 months, says Brazilian official
Jan 24, 2025 1:54 PM

SAO PAULO, Jan 24 (Reuters) - China's suspension earlier

this month of Brazilian soybean exports from five companies

after cargoes did not meet plant health requirements will last

two months, a top Brazilian agriculture official told 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 companies on Jan. 8

and Jan. 14 after cargoes failed to meet Chinese import

standards. The five suspended units are part of operations that

accounted for more than 30% of the more than 73 million metric

tons of soybeans that Brazil exported to China in 2024. However,

other units of the same companies have not been suspended.

The agriculture ministry is investigating the issue and

would send clarifications to China in due course, Luis Rua,

agriculture ministry's commerce and international relations

secretary, told Reuters on Friday.

Rua was unaware of the number of cargoes involved, or their

origin, but said only a small volume was involved.

The five units were only a fraction of the 1,700 Brazilian

outfits authorized to export soybeans to China, he said.

Brazilian soybean exports are due to 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 companies affected by the suspensions had a meeting with

government officials in Brasilia on Thursday, according to Anec,

a Brazilian association representing global grain traders. Anec

declined to name the companies or give more details.

The five companies with units suspended were global

merchants Cargill, ADM and Olam, and Brazilian

outfits C.Vale and Terra Roxa. Cargill and ADM gave no immediate

comment on the meeting. Terra Roxa declined to comment.

The temporary suspension affected only one of C.Vale's

units, a C.Vale spokesman said, adding that other units could

continue exporting.

The soybeans were likely exported from the port of Paranagua

given the shippers involved, one grain trader said.

The Paranagua port authority said it had not received any

official communication indicating that any ship that has

departed from Paranagua was under suspicion in Chinese ports.

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