Export of Brazilian soy to China expected to rise 38 percent in 2006

1 November 2006

Sao Paulo, Brazil, 01 Nov – Brazilian soy exports to China are expected to increase 38.5 percent in 2006, as compared with 2005, the general coordinator for exports at the Brazilian Ministry of Agriculture told Macauhub.

The calculation was based on results over the last 12 months, “which may be a reasonable estimate for the year,” Eliezer de Lima Lopes told Macauhub.

In that sector, which includes soy grain, soy bran and soy oil, Brazil’s sales to China are projected to total US$2.615 billion (11.2 million tons) this year.

In 2005, China bought US$1.887 billion (7.5 million tons) of Brazilian soy.

It is estimated that this year China will buy 40 percent of Brazilian exports of the product.

From January to September this year China accounted for 30.3 percent or US$2.298 billion of overall Brazilian exports.

In the first nine months of the year, China imported 21.2 percent of Brazilian soy exports to a value of US$1.57 billion. (macauhub)