MercoPress, en Español

Montevideo, May 22nd 2019 - 09:42 UTC

China confident it can replace US soybeans with supplies from South America

Wednesday, July 11th 2018 - 08:47 UTC
Full article 7 comments

China can increase soybean imports from other countries to reduce reliance on buying from the United States, the president of state grains trader COFCO said in an interview with the Communist Party’s official People’s Daily paper on Wednesday. Read full article


Disclaimer & comment rules
  • Terence Hill

    So much for Drumf's attempt to make the world to dance to his exceedingly limited repartee.
    “Trump speaks at level of 8-year-old, new analysis finds
    Mr Trump scores the lowest of any of the past 15 presidents
    Donald Trump may call himself a genius on Twitter, but his spoken statements say otherwise.
    An analysis of the President's first 30,000 words uttered in office found Mr Trump speaks at a third- to seventh-grade reading level – lower than any other President since 1929. Mr Trump’s vocabulary and grammatical structure is “significantly more simple, and less diverse” than any President since Herbert Hoover, the analysis found.
    The comparison is based on interviews, speeches and press conferences for every president dating back to 1929, compiled by online database Analysts at studied the “off-script” remarks of all 15 men – essentially, everything but their prepared speeches – to compare and contrast their speaking skills.”

    Jul 11th, 2018 - 11:20 pm - Link - Report abuse 0
  • BM

    if china buys more brazilian soy bens the usa will simply sell to the countries that bought brazilian beans last year, stupid Chinamen

    Jul 12th, 2018 - 08:57 pm - Link - Report abuse 0
  • Terence Hill

    chronic i.e pathological, YWN et al
    “If china buys more brazilian soy bens the usa will simply sell to the countries that bought brazilian beans”
    Your suggestion that US producers could under-cut Brazilian producers is sheer bunkum to wit, according to this US study:
    “However, the costs of shipping from North MT to China are becoming increasingly competitive to U.S. transportation costs due to generally falling truck and ocean freight rates in Brazil. Brazil?s truck rates have been falling partly due to improvement in transportation infrastructure and relatively lower diesel prices compared to historical averages. In addition, the ocean freight rates are falling faster or increasing at a lower rate in Brazil than the U.S. ”
    United States and Brazil Soybean Transportation Cost Comparison From 2006-17
    Date Posted: Aug 03, 2017
    This article is reprinted from the USDA's August 3 Grain Transportation Report.

    Jul 12th, 2018 - 09:32 pm - Link - Report abuse 0
  • DemonTree

    Brazil already sells 75% of it's soy beans to China, and Argentina 90%. To sell more they'll probably be taking from their domestic supplies, and China will still have to buy some from the US. If the trade war continues, they'll be planting a lot more next year.

    Jul 12th, 2018 - 10:37 pm - Link - Report abuse 0
  • Skip

    Dear Trump

    Thank you for helping to increase my country's exports to China. At the rate you are going, I might have to support you for another term

    Jul 13th, 2018 - 10:54 pm - Link - Report abuse +1
  • chronic

    Teresa Hill: 30%.

    Jul 14th, 2018 - 04:10 pm - Link - Report abuse 0
  • Terence Hill

    chronic i.e pathological, YWN et al
    “30%.” “I think it partly depends on people mean by “fight for country”. and ”Fight For Their Country UNDER ANY CIRCUMSTANCE“
    ”In 1965, a majority of Americans supported U.S. policies in Vietnam; by the fall of 1967, ONLY 35 PERCENT DID SO. For the first time, more people thought U.S. intervention in Vietnam had been a mistake than did not.”
    So Canadians are less aggressive than the US. Any informed person knows that given US direct aggression in Latin America versus Canadian involvement in UN Peace keeping.

    Jul 14th, 2018 - 05:24 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!