China’s share of Brazil soybean export at 5-yr low in Oct.

China’s share of Brazilian soybean exports in October fell to its lowest level for the month since 2015 as the...

China’s share of Brazilian soybean exports in October fell to its lowest level for the month since 2015 as the world’s largest protein importer took 82% of all shipments, customs data released Friday showed.

China’s slice of October bean exports is down from last year’s 90% and is the lowest since 2015, as China’s demand has shifted towards US beans during the final quarter of 2020.

In absolute terms, Brazil shipped just over 2 million mt of beans to China last month, out of a total exported volume of just under 2.5 million mt.

It was the lowest October results for Brazil since 2017 when it exported a similar total amount with China taking nearly 2.2 million mt of that volume at the time.

Nearly 63 million mt of soybeans have been exported to China since Brazil’s marketing year began in February, up 22% compared with the 51.5 million mt sent during the same nine-month window in 2019.

China’s share of 2020 exports is 73.3%, compared with the 76.2% in 2019.

Brazil bean imports jump

Imports of the oilseed into the world’s largest soybean producer and exporter have surged during the second half of this year as a record export campaign earlier in the year has left the domestic market tight.

Another 97,000 mt of beans arrived in Brazil last month, supplied by Paraguay and Uruguay, and taking the total volume this calendar year to 625,000 mt.

According to Abiove, Brazil is expected to import 1 million mt in 2020, compared to the 120,000 last year and its highest since 2008.

What to read next
The publication of Fastmarkets’ AG-PLM-0019 refined bleached deodorised (RBD) palm olein, cfr South China assessment for Thursday July 24 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Chinese corn import activity continued to be sluggish in June, dropping to 156,445 tonnes, down by 32,000 tonnes, 17%, from 188,542 tonnes in May, according to the latest data from the country’s General Administration of Customs (GACC).
China’s push for greener ferro-alloy production has revealed a significant divide between its northern and southern regions due to contrasting access to clean energy, supply and demand dynamics and regulatory environments, according to market participants.
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Despite the current headwinds, strategic partnerships and continued investment in the right areas, coupled with the underlying strong long-term demand fundamentals, will pave the way for success for lithium producers, according to the participants of the executive panel during the Fastmarkets Lithium Supply and Battery Raw Materials Conference, which took place from June 23-26 in Las Vegas, Nevada.