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.
“We originally planned to suspend operations for a couple of days but now we will have to . . .