Brazil wants to start exporting soybean products to China

26 July 2018

The Brazilian government will ask China to allocate a quota for the export of soy derivatives, such as bran and oil, during a bilateral meeting on Thursday at the tenth BRICS summit meeting, reported Brazilian daily newspaper Folha de São Paulo.

The newspaper quoted Agriculture Minister Blairo Maggi as saying that the idea is to request a quota of 5 million tonnes per year for exports of those two soybean products.

Brazil exports about 60 million tons of soybeans to China per year, but does not place any derivatives in that market.

Another issue to be discussed at the bilateral meeting will be Brazil’s request for China to eliminate the surcharges currently applied to chicken meat produced by Brazilian companies, which were imposed in early July following accusations of ‘dumping’ or sale below the production price.

“We do not do ‘dumping’, we are just very competitive,” the agriculture minister told the São Paulo daily.

President Michel Temer’s official agenda at the BRICS summit in Johannesburg, in addition to official BRICS meetings and a meeting with President Xi Jinping, includes a meeting with the President of South Africa, Cyril Ramaphosa. (macauhub)