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Lotes de soja brasileira fora de conformidade na China

  • Spanish Market: Agriculture
  • 22/01/25

Autoridades chinesas proibiram temporariamente importações de soja brasileira de unidades específicas de algumas tradings, após "detecção de não conformidade" em suas remessas, informou o Ministério da Agricultura e Pecuária (Mapa) nesta quarta-feira.

A Administração Geral de Alfândega da China (GACC, na sigla em inglês) notificou autoridades brasileiras sobre componentes não autorizados identificados em remessas de soja de cinco empresas, mas nenhuma foi totalmente proibida de exportar a oleaginosa para o país asiático.

O governo brasileiro esclareceu que componentes não autorizados foram identificados em cargas pertencentes a uma unidade de cada uma das cinco tradings. As cinco unidades estão temporariamente proibidas de enviar cargas para a China, enquanto as investigações continuam, informou o Mapa. O governo brasileiro não divulgou os nomes das empresas.

Outras unidades dessas empresas ainda estão autorizadas a exportar para a China. Fontes de uma das tradings afetadas confirmaram a proibição temporária à Argus, destacando que traços de pragas e pesticidas não autorizados foram identificados nas cargas. A equipe jurídica dessa empresa está supervisionando o assunto, disseram fontes à Argus.

É comum que a alfândega chinesa inspecione cada carga que chega em seus portos, com autoridades chinesas e brasileiras trocando informações diretamente sobre os resultados obtidos.

Alguns participantes de mercado informaram que este caso pode levar a um processo de inspeção e liberação mais rigoroso para a soja, enquanto outros estão confiantes de que a proibição temporária e a investigação são apenas de rotina.

A China é o maior importador de soja do mundo, recebendo pelo menos 60pc das importações globais da oleaginosa a cada ano, de acordo com o Departamento de Agricultura dos Estados Unidos (USDA, na sigla em inglês). O Brasil responde pela maior parcela dos volumes importados, enquanto os compradores chineses recebem a maior parte das exportações de oleaginosas do país. A Associação Nacional dos Exportadores de Cereais (Anec) estima que a China recebeu 76pc das 97,3 milhões de toneladas (t) que o Brasil exportou em 2024.


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11/02/25

Brazil’s January inflation lowest since 1994

Brazil’s January inflation lowest since 1994

Sao Paulo, 11 February (Argus) — Brazil's monthly inflation stood at 0.16pc in January, the lowest increase for the month since 1994 when the government enacted multiple measures to contain soaring inflation, according to government statistics agency IBGE. The consumer price index (CPI) slowed annually to 4.56pc from 4.83pc in December, heavily influenced by a 14.2pc tumble in power costs in January, compared with a 3.19pc drop in December. Power costs decelerated January's inflation by 0.55 percentage points — the major individual contributor to the annual drop, according to IBGE — thanks to a R1.3bn ($224mn) federal discount in power tariffs that month, CPI's manager Fernando Goncalves said. Food and beverage costs rose by an annual 7.25pc, decelerating from 7.69pc in December. Beef costs increased annually by almost 21.2pc following a 20.8pc gain in the month prior, while soybean oil costs decelerated to 24.55pc over the last 12 months from 29.2pc in December. Motor fuels prices rose by 11.35pc in January. Ethanol was responsible for the group's largest annual increase of 21.59pc, up from 17.58pc in the month prior. Gasoline and diesel prices also registered annual rises of 10.71pc and 2.66pc from 9.71pc and 0.66pc, respectively. Still, diesel prices remained at a 0.97pc monthly increase from December, while ethanol costs contracted by 1.82pc from 1.92pc and gasoline prices increased by 0.61pc from 0.54pc. Fuel prices are likely to keep increasing in February, as states increased the VAT-like ICMS tax on fuels and state-controlled Petrobras increased wholesale diesel prices by 6.3pc , both effective as of 1 February. Transportation costs rose by 1.3pc in January over the year, following a 0.67pc gain in December. Flight tickets were the most responsible for the increase, with a 10.42pc monthly gain from a 22.2pc contraction in December. Brazil's central bank is targeting CPI of 3pc with a margin of 1.5 percentage point above or below. The bank raised its target rate to 13.25pc in January after it failed to maintain Brazil's headline inflation under the ceiling of 4.5pc for 2024. Further increases are expected in the coming months, the bank said. The central bank has recently changed the way it tracks the inflation goal. Instead of tracking inflation on a calendar year basis, it will now monitor the goal on a 12-month basis. In 1994, Brazil enacted its Plano Real, a series of measures to stabilize the economy and detain soaring inflation, which had hit an annual 916pc by the end of that year. One of the measures was to change its currency to the real from the cruzeiro real. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australian beef exports hit record high in January


05/02/25
05/02/25

Australian beef exports hit record high in January

Dalby, 5 February (Argus) — Australian beef exports hit a record high in January, with volumes of chilled and frozen beef surpassing the previous high set in January 2020, the Australian Department of Agriculture said. Beef exports reached 81,049t in January 2025, a rise from 75,585t in January 2024 and slightly more than the previous high of 79,221t exported in January 2020. This comes on the back of strong exports in December 2024. Processors typically engage in capacity rebuilding in January after the Christmas holiday break for abattoir staff. Throughput is typically weighed down by weaker cattle availability across northern Australia over the monsoon season in November-April. But exports in January 2025 remained strong despite the challenges, with processing throughput reaching a high of 140,908 heads in the week to 24 January. Exporters took advantage of robust global prices and the availability of cattle because of dry conditions in southern Australia and a late wet season across Queensland and the Northern Territory. The majority of exports in January were sent to the US, accounting for 24,685t or 30pc of total global exports. This is a rise from the 20,308t the US imported in January 2024. Imports to the west coast ports of the US more than doubled compared with a year earlier, reaching 7,112t. Demand from the US was strong, particularly the demand for lean trim, as a result of a domestic production shortage caused by a declining cattle herd. This has pushed up prices for Australian lean trim, with prices for 85CL nearing A$9.50/kg and Bull 95CL surpassing A$10.50/kg, Argus data show. Demand and prices will likely remain steady throughout 2025 because the US cattle herd has yet to begin rebuilding, market participants said. Exports of chilled and frozen beef to Japan and Korea have slightly decreased on the year in January to 15,806t and 10,596t respectively, down by less than 10pc from a year earlier. Higher prices for fatty trim, coupled with weaker local economies, have weighed on Asian demand for Australian beef. But imports to China rose in January 2025 compared with a year earlier, with 15,315t shipped for the month after active buying in December. Exports to other countries including the EU, Canada, Thailand and Dubai also increased in January 2025 compared with a year earlier, on the back of record high volumes of beef production in Australia in 2024. By Amy Phillips Australian beef exports (t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Tariffs not only US threat to Canada canola oil


04/02/25
04/02/25

Tariffs not only US threat to Canada canola oil

New York, 4 February (Argus) — Canadian canola farmers have reason to celebrate a last-minute deal to at least delay US tariffs. Changing US biofuel policies, however, could dim their excitement. The two countries agreed Monday to pause for a month 25pc tariffs on most Canadian imports, including agricultural products like canola oil. While best known for its use in food, canola oil has become an increasingly important ingredient in US biofuel production. Canada exported 800,000 lbs of crude canola oil to the US in 2021, before US regulators allowed more canola-based fuels to qualify for a biofuel mandate, but more than three times that total over just 11 months in 2024 according to customs data. Canola oil from all origins made up around 12pc of the US biomass-based diesel feedstock mix last year. The challenge for Canada is that policies in the US that helped cement canola oil's role in biofuel production are increasingly encouraging producers to use other feedstocks. The mere threat of tariffs could speed that trend along. A long-running US tax credit for blenders of biomass-based diesel expired last year and was replaced by the Inflation Reduction Act's "45Z" credit, which requires fuels to meet an initial carbon intensity threshold and then ups the subsidy as emissions fall. This shift was always expected to benefit waste feedstocks over crops, which incur a carbon penalty for land changes and fertilizer use. The clear message to refiners — both from the US government and from California regulators that run the state's influential low-carbon fuel standard — has been to diversify beyond vegetable oils. But an updated emissions model released by the Department of Energy last month surprised some in the industry by assessing the default carbon intensity of canola-based fuels as too high to automatically qualify for 45Z. Although fuels from soybean oil generally earn some credit, diesels made from canola oil could go from earning $1/USG last year to nothing this year. Before even factoring in potential tariffs, Canadian canola oil appears less attractive for refiners than even competing crops. Guidance on 45Z is preliminary , meaning canola crushers can push for final rules that are less restrictive. But energy lobbyists say privately that they do not expect the new administration to act with urgency to implement an incentive created by Democratic lawmakers and oriented around climate change. And many Republicans' concern with the credit is not that it is too harsh on canola — but that it is too permissive of foreign feedstocks they see as hurting US crop demand. The introduction of 45Z could simultaneously leave Canadian biofuel producers less able to backfill canola oil demand if US buyers look elsewhere. The credit can only be claimed by US producers, cutting off subsidies for imported fuels. At the same time, 45Z does not require fuel to be consumed stateside — meaning that US biorefineries can send subsidized fuel abroad to chase additional incentives Canada offers for biofuel usage. "The on-again off-again status of US tariffs and Canada's counter-tariff response do not alter the bare economics of biofuel production between jurisdictions when one has an exportable tax credit and the other does not," said Fred Ghatala, president of Advanced Biofuels Canada. The future of renewable diesel production in Canada, previously expected to grow significantly to the benefit of farmers, is in doubt. ExxonMobil's Canadian subsidiary is on track to open a 20,000 b/d renewable diesel plant this year, but other companies collectively representing more production capacity are wavering. Plans for an integrated canola crush and 15,000 b/d renewable diesel facility in Saskatchewan were paused last month. And it is unclear if Braya Renewable Fuels' 18,000 b/d biorefinery in Newfoundland is running now or if Tidewater Renewables' 3,000 b/d British Columbia plant will run after March. If demand from Canadian biorefineries remains limited, some traders expect that Trump's tariff threats could divert more canola oil previously bound for the US to Europe . But there is no perfect alternative to the US market, which accounted for 91pc of all Canadian canola oil exports in 2023 according to the US Department of Agriculture. "There is logistics capacity to sell canola oil, seed, or meal abroad. That's certainly an option," said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. "The best option though is to continue to maintain and grow our trade relationship with our most important trade partner, which is the United States." By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US soy crush falls behind export demand in December


03/02/25
03/02/25

US soy crush falls behind export demand in December

St Louis, 3 February (Argus) — Increased export demand for soybean meal and soybean oil pulled stocks below year ago levels in December despite record soybean crush over the month, according to US Department of Agriculture (USDA) data. US soybean crush reached a record-setting 5.92mn t in December, up by 6pc over the prior year. US soybean meal production gained 7pc over the prior year, reaching 4.38mnt, while crude soybean oil production gained 8pc to reach 1.17mn t. While soybean meal production increased by 7pc, December use gained 12pc over the prior year to reach 4.42mn t. US soybean meal use has, in part, been driven higher by increased export demand. Current USDA projections place US soybean meal exports at 15.79mn t for the 2024-25 marketing year, up by 8pc from the prior year. So far, export sales data indicates this level is likely to be reached, with 9.21mn t sold for export through 23 January of the marketing year, 11pc above the same interval of the 2023-24 marketing year. With soybean meal use exceeding production over the month of December, stock levels declined counter seasonally to 380,000t, dropping stock-to-use ratios two percentage points from year ago levels. Crude soybean oil use also gained over the prior year, up 13pc, to reach 1.14mn t. Both refining and non-refining uses for crude soybean oil remained above year ago levels over December. Refined soybean oil production increased 11pc from the prior year, reaching 870,000t. Non-refining use gained 19pc over the prior year to reach 250,000t. As with soybean meal, use has been driven higher over the 2024-25 marketing year by much higher export demand. Through 23 January, export sales of US soybean oil reached 672,000t, a nearly twenty-fold increase over the same period of the 2023-24 marketing year. As a result, crude soybean oil stock levels dipped 14pc from the prior year to their lowest level or record, down to 540,000t, pulling the stock-to-use ratio down 14 percentage points to 48pc. By Ryan Koory US soybean crush and products Dec Chg from Nov Chg from Prior year Soybeans ( mn t ) Soybeans crushed 5.92 0.21 0.37 Soybean meal ( mn t ) Produced 4.38 0.15 0.29 Use 4.42 0.34 0.51 Ending stocks 0.38 -0.04 -0.03 Stocks to use 8pc -2pcp -2pcp Crude soybean oil ( mn t ) Produced 1.17 0.04 0.09 Use 1.14 0.02 0.15 Refined 0.89 0.05 0.10 Non-refining 0.25 -0.03 0.05 Ending stocks 0.54 0.03 -0.07 Stocks to use 48pc 2pcp -14pcp Refined soybean oil ( mn t ) Produced 0.87 0.04 0.09 Use 0.86 0.05 0.10 Ending stocks 0.23 0.01 0.02 Stocks to use 26pc -1pcp -2pcp — USDA Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Brazil's Mato Grosso soy harvest still lagging


31/01/25
31/01/25

Brazil's Mato Grosso soy harvest still lagging

Sao Paulo, 31 January (Argus) — The 2024-25 oilseed harvest in Brazil's central-western Mato Grosso state advanced this week but is still behind the previous season's pace, according to the state's agricultural institute Imea. Soybeans The state harvested around 12.2pc of its expected acreage area as of 31 January, up by 7.8 percentage points in the week. The pace is 27.2 percentage points below the same period last year for the previous crop and 13.1 percentage points behind the five-year average for the week. Corn The 2024-25 corn planting in Mato Grosso — which started on the week of 17 January — reached nearly 6.3pc of the expected acreage area as of 31 January, an advance of 5.1 percentage points on the week. The pace is 22.4 percentage points behind the previous crop in the same period and slower than the 22.2pc five-year average for the week, according to Imea. Cotton Planting of the 2024-25 cotton crop reached 53.5pc of the expected acreage area as of 31 January, up by 24.9 percentage points in the week. That trails last year's pace by 41.9 percentage points. The pace is also 18.9 percentage points behind the 72.4pc five-year average for the period. By Bruno Castro Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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