Syngenta, one of the largest seed and crop-protection product companies in the world, has announced that the first shipment of Brazilian soy shipped directly to China without the intermediation of a trading company should arrive tomorrow at the Port of Xinsha. The load of 70,000 tons of grain is valued at US$ 38 million and was negotiated in line with the “Agriculture Value Chain” strategy announced in February, and using the Nutrade platform. “Grains are negotiated directly with China. The shipment is exclusively comprised of the production acquired via barter [exchange of inputs for agricultural production] from their customers,” said Syngenta, in a note. Of Swiss origin, Syngenta is currently part of the Syngenta Group, a holding company controlled by Chinese state-owned companies that also include Adama. In the first quarter, the group’s global sales totaled US$ 7.1 billion, 20% more than in the same period in 2020.
Sources: Valor/Datamar News