Investing.com -- Brazil is set to increase its soybean exports to China and soymeal exports to primary clients in Europe, the Middle East, and Southeast Asia in 2025. This comes amid the ongoing trade war between the United States and China, according to a director at industry group Abiove.
The director of economics and regulatory affairs at Abiove, Daniel Amaral, revealed this information on Thursday. He also stated that a record soy harvest in Brazil of nearly 170 million metric tons will play a significant part in boosting the shipments.
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