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Zhoushan Port to see 48 per cent jump in Brazilian soybean ships in April

Zhoushan Port to see 48 per cent jump in Brazilian soybean ships in April

World Maritime
Zhoushan Port to see 48 per cent jump in Brazilian soybean ships in April

Beijing has since announced additional 125 per cent tariffs on all imports from the US in response to Trump's hefty reciprocal duties, accelerating a Chinese shift towards alternative suppliers such as Brazil, which is expected to boost China's second-quarter soybean imports to an overall record high.

China bought only 1,800 tonnes of soybeans from the US in the week ended April 17, after 72,800 tonnes in the week ended April 10, according to data from the US Department of Agriculture.

(Reporting by Ethan Wang, Ella Cao and Lewis Jackson; Editing by Kevin Liffey)

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