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Southern Brazil Port Imports First Soy Cargo in Decade
USAgNet - 12/01/2020

A vessel carrying 30,500 metric tons of soybeans produced in the United States was headed to Brazil on Friday, according to the Paranagu√° port authority, as the nation makes a rare purchase from North America amid tight supplies, according to Reuters.

Brazil sold huge soybean volumes to top importer China this year, leaving little for domestic consumption. The situation led to a rise in livestock feed prices and fueled domestic food inflation.

The authority said the Discoverer will bring in the first imported soy cargo via the Paranagu√° port in at least a decade. The vessel is expected to moor between Dec. 7 and Dec. 15 and will be inspected before unloading.

The Discoverer was chartered by Louis Dreyfus Co, shipping data show.

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