In Brazil, a significant reduction in the reserves of domestic soybeans, which are final in the current year, is brewing. And the reason for such a huge reduction in oilseeds was a sharp increase in demand for this product from buyers from the People's Republic of China.

Analysts at the Brazilian Oilseed Producers Association predict that by the end of this year, soybeans will reach a record low of two million six hundred thousand tons.

It is noteworthy that this figure by three million tons is inferior to the level that experts predicted more recently, in June 2019.

It should be noted that in the first fifteen days of August this year, Brazilian suppliers shipped three million tons of soybeans to Chinese buyers.

As for the total volume of imports since the beginning of this year, in this case we are talking about fifty-seven million seven hundred thousand tons of beans. In addition, about ten million soybean meal and at least eight hundred thousand tons of soybean oil were shipped from Brazil to China.

Based on forecasts, in 2019, Brazilian exporters will send sixty-eight million tons of soybeans to the Chinese (some experts predict a gross export volume of seventy-five million tons).