While China and the US saw escalated trade frictions in 2018, Br

 record high in its soybeans exports to China. As of the end of 2018, the local industry association estimated that the country’s total soybeans output will reach 120 million to 125 million tons – a new high – in 2019.

Brazil will enter the harvest season for soybeans in coming months. As China restarts to im

port more from the US, companies in Brazil have also lowered their expectations for soy oil exports.

Brazil’s exports are expected to fall to 400,000 tons this year versus 1.43 million tons last year in terms of soy oil exports, according to Amaral.

Still, the Brazilian industry representative remained optimistic about the future of soybeans trade with China.

“Even with the more intense participation of US products in the Chinese

market, we believe China will continue to need Brazilian soy to fulfill its domes

tic market,” he said, noting that neither US or Brazil can adequately supply Chinese demand.

“Brazil will keep an important presence in the Chinese market,” Amaral added.

Soybeans have been a crucial element in simmering trade tensions between the two count

ries, CNBC said on Saturday. China, the world’s largest soybeans importer, cut off purchases from the US in 201

8, sending prices tumbling and leaving US farmers struggling to sell off their record harvest, the media report noted.

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