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

    Royal Agricultural University opens its doors for 180th birthday

    Commodities

    Lexington blocks solar farms on agricultural land. But fight over solar isn’t over

    Commodities

    BTBAM’s Dan Briggs – My 5 Favorite Prog Metal Albums

    Commodities

    Royal Welsh Agricultural Society pulls the plug on its Spring Festival to focus on other projects

    Commodities

    SRM College of Agricultural Sciences to launch 7 doctoral courses from next academic year

    Commodities

    Agricultural heritage conference opens in Hunan province

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Top 15 Ways to Earn Passive Income Through Cryptocurrency in 2024

    Commodities

    Western Oklahoma Local Agriculture Collaborative workshop held at Lawton Farmers Market

    Cryptocurrency

    Russia challenges US dominance with new cryptocurrency exchanges

    Editors Picks

    3 Dividend Stocks Investors Can’t Get Enough of

    April 27, 2025

    Thousands attend Alresford Agricultural Show 2025 in the sun

    September 6, 2025

    L’intégrale de BFM Bourse du lundi 30 juin

    June 30, 2025

    Former Synapse CEO raises $11 million for his new robotics startup

    August 23, 2024
    What's Hot

    Delta Property Fund Ltd va céder 88 Field Street pour 76 millions de rands

    April 11, 2025

    Minister: US, South Korea investors are favouring Hyderabad for investments | Latest News India

    August 18, 2024

    Copper hits two-week high – Markets

    August 12, 2025
    Our Picks

    Atteint de la maladie de Parkinson, le parrain du metal Ozzy Osbourne a fait ses adieux à la scène

    July 7, 2025

    Cryptocurrency Craze To Crash: From Rs 70 Lakh To Rs 4 Lakh

    March 28, 2025

    Trump’s Tariffs Are Pushing CEOs to Comb Through Obscure Codes

    August 31, 2025
    Weekly Top

    Sole Fintech plans to reach 100k investors – FBC News

    September 12, 2025

    Terrified Cattle Dog Puppy Who Was Left In Dumpster Bonds Immediately With New Kitten Sister

    September 12, 2025

    Lexington blocks solar farms on agricultural land. But fight over solar isn’t over

    September 12, 2025
    Editor's Pick

    The Ripple Effect: Is This Ruling a Turning Point for Cryptocurrency Regulation?

    August 8, 2024

    Microstrain screening towards defect-less layered transition metal oxide cathodes

    August 20, 2024

    GSCI Precious Metal Historical Data (SPGSPM)

    April 9, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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