From field to table: Brazilian soybeans reach China

STORY: From field to table: Brazilian soybeans reach China

SHOOTING TIME: Nov. 17, 2024

DATELINE: Nov. 20, 2024

LENGTH: 00:00:51

LOCATION: QINHUANGDAO, China

CATEGORY: ECONOMYSHOTLIST:

1. various of the soybeans shipped from Brazil

2. SOUNDBITE (Chinese): GU BAOHUA, Deputy general manager, Qinhuangdao Jinhai grain and oil industry Co., Ltd.STORYLINE:On Nov. 16, a vessel carrying 66,000 tons of soybeans arrived at Qinhuangdao Port in Hebei after a 49-day journey from Rio Grande Port in Brazil.China's trade with Brazil soared 9.9 percent in the first 10 months of 2024 from the same period last year, underpinning the deepening economic and trade ties between the two countries.A grain and oil company in north China's Qinhuangdao City has seen increasing import of Brazilian soybeans over the past years.SOUNDBITE (Chinese): GU BAOHUA, Deputy general manager, Qinhuangdao Jinhai grain and oil industry Co., Ltd.

"Since our factory was established in 2001, we have been processing Brazilian soybeans to meet the domestic demand for protein and oil. In recent years, our use of Brazilian soybeans has steadily increased, from 1.2 million tons annually to 1.6 million tons this year, with the potential to reach 1.8 million tons, accounting for about 80% of our total supply. The primary advantage of Brazilian soybeans is the higher protein and oil content compared to others at the same price point, making them a preferred choice for processing in our workshops."Xinhua News Agency correspondents reporting from Qinhuangdao, China.

(XHTV)