Entities deny that the advance of the new coronavirus (Covid-19) in Brazil may impact the sale of soybeans to China. On Monday 6th it was announced that the Chinese authorities would be concerned about Brazil’s slow reaction in fighting the virus and that this could impact the purchase of Brazilian products, such as soy. However, according to the coordinator of the Pro-Logistics Movement, linked to the Association of Soy and Corn Producers of the State of Mato Grosso (Aprosoja), Edeon Vaz, there is no signal until the moment that the Chinese will stop buying Brazilian soy. Vaz stated that Brazil has an export window with China that runs from February to June and that this is maintained every year. This means that during this period, the Chinese buy Brazilian products. Outside this window, China can prioritize purchasing with the United States or Argentina, two other main suppliers in the Chinese market. In addition, according to him, between North American and Brazilian soy, the Chinese prefer soy produced in Brazil because it is richer in protein. For Vaz, commercial strategies by the Chinese may have motivated criticism about products marketed in Brazil. According to him, negative statements can serve to reduce product prices. According to the report of the Confederation of Agriculture and Livestock of Brazil (CNA) on the impacts of the coronavirus on agricultural production in the country, released last Saturday (04), the production and commercialization of soy and corn continue within normal limits, after concern with logistical conditions. The highlight was the coffee harvest, which may be impacted by the lack of labor and care for workers during the coronavirus pandemic.
Source: Portos e Navios