Brazil Soybean Shipments Surge to Record Led by Huge China Haul
- April exports to the Asian country jumped 19% versus year ago
- Brazil export to all destinations also hit a monthly record
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China’s appetite sent Brazil soybean exports to a record high in April, with the Asian nation working to feed its growing hog herd just as planted area for the oilseed may drop.
Brazil shipped 12.6 million metric tons to China in April, a 19% jump from a year earlier and the most in a single month in data going back to 1997, according to Brazilian Trade Ministry data published on Thursday. The volume shipped to all destinations also hit a record in April, surpassing the previous high by 2.5 million metric tons.