Brazil's Rio Grande port resumes soya shipments

25 Jul, 2004

Brazil's southern port of Rio Grande said on Tuesday it would resume soyabean shipments on Wednesday, its first since May when China rejected the port's cargo saying it contained traces of fungicide.
The Bunge terminal at the port will load 56,000 tonnes of soyabeans for Thailand.
After the breakdown in the multibillion-dollar trade in soyabeans between China and Brazil that suspended soya exports from Rio Grande and sent clients to other ports, shipments of soyabeans from the port fell by 37 percent during the first half of 2004 compared with the year earlier.
"With the normalisation of shipments, we will close the year with a larger number of cargo moved than in 2003, when the port set a record (movement of 21.5 million tonnes soyabean)," said the administrative director of the port, Sinesio Cerqueira, in a statement.
Four other shipments totalling 240,000 tonnes of soyabeans are programmed for July, at the Tergrasa terminal.
China, the world's largest importer of soyabeans, banned 23 ships of Brazilian soyabeans over the past two months from unloading in its ports because they contained soyabeans seeds that had been treated with a fungicide harmful to humans.
Brazil's soyabean sector said it has lost over $1 billion in trade revenues because of China's decision to boycott its beans.

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