Brazil share of China soy import market hits 53% in 2017

Brazil’s share of the lucrative and expanding soybean market in China grew to above 53% in 2017, as better quality beans and a huge Brazilian crop sent buyers away from the US. According to Chinese customs data, Brazil's exports to China rose 33% on the year to almost 51 million mt.That is out of a total of 95.5 million mt and compares with US exports of 32.8 million mt, down 3.8%, and Argentinian exports of 6.5 million mt.