Commodities
China and Brazil Agree to Ease Soybean Sanitary Requirements
Combine harvesters in a soybean field during a harvest near Mambai, Goias state, Brazil.
Photographer: Dado Galdieri/BloombergChinese and Brazilian authorities came to an agreement that will likely bring relief to the trade of soybeans between both countries, after a number of cargoes failed to pass sanitary inspections, according to a document by Brazil’s Agriculture Ministry.
“Chinese authorities understood and accepted that a zero-tolerance standard for the presence of weeds will not be applied to soybean shipments imported from Brazil,” Brazilian officials wrote in a Friday document.