Large crop in Brazil will prevent China from suffering greater impacts from Argentina

By Roberto Samora SAO PAULO (Reuters) - Brazil will increase soybean processing in 2023 as a result of higher demand for chaff and oil amid crop failure in Argentina, but with a record Brazilian harvest there will be enough supply to boost grain exports to China , said the president of Abiove, the association of companies in the sector, to Reuters. According to André Nassar, this confirmation that Brazil is a reliable supplier of soybeans to China, the largest global importer of the commodity, will be an important moment in the trip of president Luiz Inácio Lula da Silva and his entourage to the Asian country, at the end of the month, in mission that should mark the strengthening of trade ties with the Chinese. "It is an atypical year, because the drop in Argentina is big, the drop in Argentina affects the bran and oil market, it will encourage us to process a lot this year. But as we are going to have a big crop, there will not be any type of loss in relation to the offer to ...