Brazil: How much soy will be needed to feed the Chinese dragon? The new year has begun

Published 2024년 2월 16일

Tridge summary

Despite concerns about China's economic health, particularly in the agricultural commodities sector, there are signs of recovery, with robust consumer spending during the Spring Festival holiday. Cinemas grossed $973 million and tourist site visits increased by 22.8% compared to last year. This recovery is crucial for companies like Apple and Volkswagen, who rely heavily on Chinese consumers. Despite a housing crisis, demand for agricultural commodities, particularly soy, remains high, with imports estimated at 102 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The year of the dragon has begun in China! After one of the longest and most important holidays in the country, the Asian giant begins a new year with all eyes in the world focused on its economic health. The warning signs are numerous, the events of this 2024 have already been enough to intensify them - such as Evergrande's bankruptcy filing - and among agricultural commodities the scenario is no different or less worrying. The expectations of all analysts and market consultants are about how demand from the largest buyer on the planet will behave after this period of almost 15 days of festivities. The answers, however, are only beginning to arrive. "The Chinese will return to the market next week and there may be demand, but currently the news revolves around greater global supply and macroeconomic uncertainty", says the general director of the Labhoro group, Ginaldo Sousa. In the headline this Friday (16) on the Chinese portal China Daily, the information stated that "the ...

Source: NoticiasAgricolas