China has worked hard to curb its reliance on U.S. soy imports, especially after the trade conflict of Trump’s first term ended in 2020 when Beijing agreed to buy $200 billion in American products, including soybeans (although it bought far less than it promised.) Brazil arrivals last month jumped 29.9% year-on-year to 10.96 million tons, accounting for 85.2% of China’s total imports of the oilseed, customs data showed, while shipments from Argentina rose 91.5% to 1.17 million tons, or 9% of the total,” Cao and Jackson reported. “China’s soybean imports reached 12.87 million metric tons in September, the second-highest level on record.Beijing has since pushed Chinese farms to consolidate and expand domestic output. It has launched trial programs for previously banned genetically modified crops. And it is aiming to lower the ratio of soybeans in animal feed to 10 percent by 2030, down from 18 percent in 2017. Is BRICS community uniting against USA ?
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