China bans five Brazilian soy exporters after cargo issue

in the hold of the ship transporting the cargo. “This is about five facilities, among more than 2,000 authorised to export soybeans to China,” the ministry said without providing additional details. “The case is being addressed as a matter of utmost priority.” According to Folha’s report, exports from two Cargill plants as well as three others controlled by Louis Dreyfus, CHS Agronegocio and 3Tentos would be suspended as of Thursday in connection with the incident. Cargill, Louis Dreyfus, and CHS Agronegocio did not reply to requests for comment, while 3Tentos declined to comment. The agriculture ministry said it still has “a solid and strategic relationship with China,” adding that this year Brazil will export more than 100 million tons of soybeans to its largest agricultural trading partner. “When notified of any potential non-compliance, the Brazilian government conducts assessments with transparency, responsibility, and agility,” the ministry said. For almost 30 years of ...