China expands purchases and consolidates leadership in global soybean imports

Brazilian soybean exports continue at a rapid pace, driven mainly by Chinese demand. In September, China imported 6.5 million tons of Brazilian soybeans, representing 93% of the total shipped by Brazil in the month, according to Secex data. This concentration reinforces the Asian country's prominence in the global trade of the commodity. With this performance, Brazil exported 6.99 million tons of soybeans in September, surpassing by 6.6% the volume of the same period in 2024. Year-to-date, the country has already sent 93 million tons abroad, the highest volume recorded between January and September. For October, the outlook is even more optimistic: the National Association of Cereal Exporters (Anec) projects 7.12 million tons exported, surpassing by almost 60% the volume of the same month last year. "The absence of the United States in the market, due to the tariff war with China, has opened even more space for Brazil," analyzes Argemiro Brum of CEEMA. The decline in soybean meal ...