Brazilian farmers beef up soybean production as China halts business with US during trade fight
Brazilian farmer Andrey Rodrigues wasn’t planning to beef up soybean production for next year’s harvest until a couple of months ago, but now he’s extra hopeful. What has him and his fellow Brazilian farmers planting more soybeans is the trade war between the Trump administration and China that has shut American soybeans out of the massive Chinese market. China is actively seeking out Brazilian producers and the local trading companies that buy Rodrigues' soybeans to sell to China have put the word out over the past two months that they will take all they can get, he said.
Brazilian farmer Andrey Rodrigues wasn’t planning to beef up soybean production for next year’s harvest until a couple of months ago, but now he’s extra hopeful. What has him and his fellow Brazilian farmers planting more soybeans is the trade war between the Trump administration and China that has shut American soybeans out of the massive Chinese market. China is actively seeking out Brazilian producers and the local trading companies that buy Rodrigues' soybeans to sell to China have put the word out over the past two months that they will take all they can get, he said.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
