China was the leading country in the import of farm products from Brazil in July, increasing its share of exports from the sector from 25.5 percent to 32.1 percent, said the Ministry of Agriculture. Figures from the Brazilian Foreign Agro-business Trade Statistics System (AgroStat), cited by the daily newspaper Estado de São Paulo, showed that in the month under review China bought products worth US$2.92 billion, which was an annual increase of 19.2 percent…Full Article: Macauhub Aug 2015

Key Point

  • In July 2015, China imported from Brazil US$2.47 billion worth of soy products (e.g. soybeans, meal, and oil), US$185 million worth of forest products, US$69 million worth of chicken, US$57 million worth of beef, and just over US$600,000 worth of pork.

ChinaAg Comment

  • In 2014, China was the largest purchaser of Brazilian agricultural products. During that year, China imported approximately US$22 billion worth of agricultural goods from Brazil, of which, US$16.6 billion were soybeans.

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