The BRICS summit this week could repair relations between Brazil and China with heads-of-state meetings due to include President Bolsonaro and President Xi. Brazilian exporters may be hoping for improved access to China, including purchases by state-owned enterprises. Brazil’s trade with China is dominated by commodities, with oil seeds and iron ore representing 37.2% and 24.8% of China’s imports from Brazil in 2018. Brazilian exports of soybeans – including those by Bunge among others – have fallen by 38.5% year over year in 3Q due to the Chinese swine-fever c...
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