Hit by Brazil shipment delays, Chinese soybean crushers forced to shrink output

RIO DE JANEIRO, BRAZIL – Chinese soybean crushers are expected to curtail operations sharply in the coming months due to harvest delays in top exporter Brazil, pushing up prices and likely leading to a rundown in inventories.

The shortage will be widely felt and probably last till at least mid-April, analysts, crushers and traders told Reuters.

“Bean shipments from Brazil to southern China will be very limited in March. Supplies will be tight,” said a manager with a major crusher in southern China.

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