Unique-Brazilian soy shipments to China from | Commodities
By Laurie Chen, Mei Mei Chu, Ella Cao and Naveen Thukral
BEIJING (Reuters) -China, the world’s greatest soybean purchaser, has stopped receiving Brazilian soybean shipments from 5 entities after cargoes didn’t meet phytosanitary necessities, two sources with direct information of the matter advised Reuters on Wednesday.
Brazil, the world’s greatest exporter of the oilseeds, has from Jan. 8 suspended shipments to China from Terra Roxa Comercio de Cereais, Olam Brasil and C.Vale Cooperativa Agroindustrial, one of the sources stated.
On Jan. 14, Chinese language customs suspended shipments from Cargill Agricola S A and ADM do Brasil, the source added.
There have been issues after some cargoes had been discovered with chemical contamination, pests or bugs, sources stated.
The father or mother companies of the affected entities didn’t instantly reply to requests for remark.
China’s Basic Administration of Customs didn’t reply to a request for remark.
“When we try to process clearance on customs’ website for soybeans shipped by these five companies, we are not able to proceed,” stated the second source, a trader at a China-based soybean crusher.
It was not clear how long the suspension would final, though merchants stated they anticipate it to be short-term.
“It depends mainly on how quickly the Brazilian companies can provide proof that they found out what was wrong that led to these inconformities and provide a plan to fix that,” the primary source stated.
China buys more than 60% of soybeans shipped worldwide. Brazil is its prime provider.
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