Attaché Report (GAIN)

Brazil: Assessment of Soy China Initiative in Brazil

Brazil and the People’s Republic of China (PRC) are in the initial stages of potentially developing a dedicated soybean supply chain tailored to meet Chinese sustainability and quality standards.
Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.