Data from Brazil’s Ministry of Economy showed that much of the soybean meal imported by France comes from Brazil. In 2019, France imported US$ 1.1 billion worldwide, US$ 595 million of which from Brazil. More than 10% of Brazilian total revenue is from France. CNA’s Superintendent of International Relations, Lígia Dutra, said the French market is relevant, in this way, the sector needs to be attentive to measures aimed at replacing imports. Lídia Dutra also said that, since the total area of forests in France is small, soy will probably start to replace other crops. According to the CNA’s superintendent, as it requires a lot of financial resources, there is little chance of other countries doing the same as France.
Source: Canal Rural
*Translated by Ia Niani