Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»China accelerates shift to Brazilian soybeans, as US agricultural exports plunge amid tariffs
    Commodities

    China accelerates shift to Brazilian soybeans, as US agricultural exports plunge amid tariffs

    April 27, 20254 Mins Read



    Soybean Photo: VCG

    Soybean Photo: VCG

    The US-launched tariff confrontation has begun to hit American agricultural exports, particularly soybeans and pork, as China’s Zhejiang Province is seeing a surge in Brazilian soybean shipments arriving at its ports.

    In April, around 40 Brazilian soybean ships are expected to dock at Zhoushan port, Ningbo, East China’s Zhejiang Province, a 48 percent year-on-year increase from the 27 shipments recorded in April last year, Yuyuantantian, a social media account affiliated with China Media Group reported on Monday.

    The report citing source said multiple Brazilian soybean vessels have been docking daily at the Laotangshan terminal of Ningbo Zhoushan port in recent days, projecting that the port will unload 700,000 tons of Brazilian soybeans this April, up 32 percent from last year’s 530,000 tons.

    This is the most direct manifestation of how the tariff confrontation provoked by the US is harming its key industries and ordinary citizens, and it also demonstrates that most of the products China imports from the US can be sufficiently substituted by sourcing from other countries across the globe, a Chinese expert said.

    Data from the US Department of Agriculture (USDA) showed that exports of American agricultural products, including soybeans and pork, have been declining sharply, for the period April 11-17, 2025, the first full week reporting period after the US-provoked tariff escalation with China.

    Net sales of US soybeans dropped by 50 percent compared to the previous week, while net pork sales plummeted by 72 percent at the same period, per a release the Global Times read at department’s official website.

    China cut back on its US soybean purchases and reduced the amount of pork it plans to import from the US in 2025. 

    China purchased only 1,800 tons of soybeans in the period, a far cry from the 72,800 tons it purchased in the week ended April 10, the Wall Street Journal (WSJ) reported citing USDA data on April 24.

    USDA data also showed a 12,000-ton reduction in previously announced purchases of US pork by China, cutting total sales for the week ended April 17 to a mere 5,800 tons. That is the lowest figure for 2025 delivery reported so far this year, and off 72 percent from the prior week, the WSJ report said.

    It is evident that the US agricultural sector is already suffering from the tariffs, as products like soybeans and pork heavily rely on the Chinese market, Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Monday.

    “China’s vast market and strong purchasing power mean that tariffs have disrupted previously established trade relationships,” Li noted.

    By instigating a tariff war, the US is voluntarily excluding itself from China’s enormous market, according to Li, adding “Despite being a highly competitive supplier in the global market, the tariffs have forced American farmers to lose market share to competitors.”

    The WSJ cited analysts’ predictions that prices for agricultural commodities could come under sharp pressure if this trend continues.

    Since January, the US has repeatedly imposed tariffs on Chinese goods, deliberately sparking a new round of trade disputes. In response, China swiftly implemented countermeasures. Starting March 10, China imposed a 15 percent tariff on US-origin chicken, wheat, corn, and cotton, and a 10 percent tariff on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products.

    Li predicts that the US tariffs will lead China to shift toward purchasing more agriculture products from other countries, reducing the US share in the Chinese market.

    China has been actively diversifying its agricultural imports in recent years, with Brazil surpassing the US to become its top soybean supplier, CCTV reported earlier. Market data revealed that between 2016 and 2024, the US share of China’s soybean imports plummeted from 40 percent to just 18 percent, per the report. 

    Industry data showed that China imported 416,000 tons of pork from the US, accounting for 18 percent of its total pork imports last year. In 2024, China was the third-largest pork market for the US, while the US was China’s third-largest meat supplier, following Brazil and Argentina.

    “Whether for soybeans, pork, or beef, China can find ample substitutes from other agricultural exporters such as Brazil, Argentina, and Australia, whose trade policies are more open than those of the US,” Li noted, emphasizing that US tariffs will likely accelerate trade diversion, further strengthening China’s cooperation with these countries.

    Li urged the US government should recognize the consequences of its tariffs. “Only by lifting all unilateral tariffs can it truly address the challenges faced by its affected industries,” Li noted, stressing that protectionism will not achieve the US government’s intended goals.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Musique: le metal, exploser les oreilles sans casser la voix

    Commodities

    Strengthening Vietnam-US business partnership in the agricultural sector: Towards sustainable development and trade balance

    Commodities

    La recherche s’attaque au calcul du bilan carbone de l’IA

    Commodities

    Quand le métal devient métaphore de l’élévation : le 71e congrès des Compagnons serruriers du Devoir a réuni plus de 500 personnes à Nîmes

    Commodities

    De Nantes à Clisson, les micros festivals de métal dans l’ombre du Hellfest

    Commodities

    Rome’s Agricultural Renaissance

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Banks In The USA Should Be Permitted To Own Cryptocurrency

    Precious Metal

    Gold reaches another record high

    Precious Metal

    Le marketing des courbes n’est pas durable…

    Editors Picks

    Agricultural Bank Of China approuve la nomination de Meng Fanjun en tant que vice-président exécutif de la banque -Le 14 février 2025 à 16:24

    February 14, 2025

    Improve regulatory architecture before venturing into high-risk digital currencies – BoG advised

    May 3, 2025

    Find Purpose in Retirement with SCSEP

    August 16, 2024

    La fintech française Defacto porte à près de 2 milliards ses capacités de crédit pour la défense

    March 20, 2025
    What's Hot

    3 easy ways to invest in gold this November

    October 28, 2024

    Agricultural innovation listed as key to France-Kenya cooperation

    April 10, 2025

    Bitcoin hits highest level since July, boosting Crypto-related stocks

    October 17, 2024
    Our Picks

    Silver Elephant Announces Non-Brokered Private Placement Total $960,000

    July 11, 2024

    PE-VC investments in startups reach nearly $1.1 billion in January-February 2025

    March 3, 2025

    BOP Realty’s Gaurav Mavi Commends New LTCG Tax Amendment for Boosting Real Estate Investments

    August 24, 2024
    Weekly Top

    Ambiance rock garantie au Puy-Sainte-Réparade avec le groupe pop rock Silver Fox au château La Coste

    June 1, 2025

    Quand le métal devient métaphore de l’élévation : le 71e congrès des Compagnons serruriers du Devoir a réuni plus de 500 personnes à Nîmes

    June 1, 2025

    Dividend & Stock Split: TCS, Tata Motors, Coforge Among Shares To Trade Ex-Date This Week

    May 31, 2025
    Editor's Pick

    The Great New York State Fair Expands First-of-its-Kind Voice of the Farmer Garden

    August 19, 2024

    New York Orders Utilities to Join in Proactive Grid Planning

    August 18, 2024

    Centre cuts drawback rates on exports of gold, silver jewellery – commodities News

    August 24, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.