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



The Rio Times

Detailed forecasts about the extent of the production cuts and their impact on inventories and prices were not immediately available.

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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