Brazil, China finalizing soymeal export protocol: Abiove
SAO PAULO (Reuters) – Brazilian and Chinese government authorities are finalizing a protocol setting health standards for domestic processors to export soymeal to the Asian country, André Nassar, president of oilseeds industry group Abiove, said on Monday.
The health guidelines will allow companies to export and eventually compete with soy processors based in China, something they cannot do now. The change is happening as local processors are required to increase crushing to produce more biodiesel to boost local blending. The added output of soymeal, a byproduct, would need new buyers.
By Ana Mano via Reuters