Given the volume and proportion of domestic soybeans exported by Brazil to China, it is not surprising that the World’s largest producer intends importing up to one million metric tons of the commodity during December.  The first shipment of 30,000 metric tons from the U.S. will be landed at the port of Paranaguá on the Discoverer, chartered by the Louis Dreyfus Company.

The shipment was facilitated by a waiver in import duties effective October 16th and establishing equivalence in GMO regulations between the U.S. and Brazil.