Tereza Cristina: 'Dependence of Brazilian agribusiness on China worries'

Published 2020년 6월 8일

Tridge summary

Brazil's Minister of Agriculture, Tereza Cristina, has expressed concerns about the country's increasing dependence on China for soybean exports. She acknowledged the financial benefits of this relationship but stressed the importance of diversifying Brazil's export portfolio. The Minister mentioned efforts to expand export opportunities for soybean meal and cottonseed meal to China, among other products. She urged both countries to avoid reliance on a single supplier market to prevent potential risks.

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

Original content

The Minister of Agriculture, Tereza Cristina, commented on the strong commercial relationship between Brazil and China, mainly in the export of soybeans, in a "live" promoted on the afternoon of last Friday, 5 by MZR Consultoria. "I am even a little concerned about Brazil's dependence on China for soy exports, especially in recent years". According to her, when trade between the United States, a major supplier of soy to China, and the Asian giant shook, Brazil occupied this space, “because it has no other country to export the volume that China acquires. It is either Brazil or the United States. ”, Said the minister. For the minister, although she recognizes that Brazil can and has “taken advantage, in a good way” of this commercial relationship, it is important to diversify the export basket with China and other countries, but reduce this dependence. "We have already discussed, for example, with China the slightly larger opening for our soybean meal," he quoted. “And we also got ...

Source: CanalRural