Soy exports to China

Chinese and Uruguayan authorities have agreed on a protocol to monitor the quality of soy beans exported to China. As of this year farmers and traders of soy beans need to assure the quality of soy beans with China as destination. China imports 84% of all soy beans produced in Uruguay. It is therefore crucial for Uruguayan farmers to maintain China as their principal trading partner.

The protocol establishes that Chinese and Uruguayan specialist will cooperate in case of any problem observed in the shipping of soy beans. This was agreed to prevent unilateral refusal of shipments. It is adamant that farmers and distributors of soy in Uruguay make a strong effort to avoid the presence of weeds or seeds in shipments. This will require certain efforts during harvesting and transport. Experience will proof whether this protocol will turn out to be an additional cost or an added value in a competitive market.