China Halts Soybean Imports from Five Brazilian Entities Over Phytosanitary Violations
China, the largest soybean importer globally, has suspended soybean shipments from five Brazilian entities due to cargoes failing to meet phytosanitary requirements.
Brazil, the world's leading soybean exporter, has suspended shipments to China from Terra Roxa Comercio de Cereais, Olam Brasil, and C.Vale Cooperativa Agroindustrial since January 8th. On January 14th, Chinese customs expanded the suspension to include Cargill Agricola S A and ADM do Brasil.
Concerns arose after cargoes were found contaminated with chemicals or pests, sources revealed. The parent companies of the affected firms did not respond to requests for comment, and China's General Administration of Customs remained silent on the matter.
"Customs website clearance for soybeans from these five companies is currently unavailable," stated a trader from a soybean crusher in China.
The duration of the suspension remains uncertain, but traders anticipate a short-term disruption.
"The key factor is how swiftly the Brazilian companies can provide evidence of identifying the cause of these irregularities and present a plan to rectify them," according to a source.
China accounts for over 60% of global soybean imports, with Brazil being its primary supplier.