In June of this year. Brazil exported 9.07 million tons of soybeans, which is 13% less than in June 2018
The decline in exports is due to a decrease in demand from China, the main buyer of Brazilian soybeans. Because of the epidemic of African swine fever, China was forced to dramatically reduce the number of livestock. According to various estimates, by the end of May, the number of pigs in the country decreased by 24-50% compared with last year, which led to a decrease in the need for import of soybeans.