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.