China has accelerated its shift to Brazilian soybeans amid the tariff war initiated by the United States, as the country's Zhejiang Province is witnessing a surge in Brazilian soybean shipments arriving at its ports.
Yuyuan Tantian, a new media arm of the China Media Group (CMG), cited a Wall Street Journal report based on the weekly data from the U.S. Department of Agriculture as saying that China has cut back on its soybean imports from the United States and reduced the amount of pork it plans to import from the United States in 2025.
Meanwhile, Yuyuan Tantian also reported that in recent days, multiple Brazilian soybean vessels have been arriving daily at the Laotangshan terminal of Ningbo-Zhoushan Port in Zhejiang.
The report, citing exclusive information, said that around 40 Brazilian soybean ships are expected to dock at the Zhoushan side of Ningbo-Zhoushan Port in April, marking a 48 percent year-on-year increase from the 27 shipments recorded in the same period of last year.
In addition, the report also projected that a total of 700,000 tons of Brazilian soybeans are expected to be unloaded in the port area in April, a 32 percent year-on-year increase from the 530,000 tons recorded in the same period of last year.
China sees surge in Brazilian soybean shipments after cutting US imports: commentary
China sees surge in Brazilian soybean shipments after cutting US imports: commentary
China sees surge in Brazilian soybean shipments after cutting US imports: commentary
