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Brazil soy exports suffer blow from China's pork blackout

Falling demand for animal feed wipes out trade-war bonus

China has been importing fewer soybeans as African swine fever devastates its pig population.   © Reuters

SAO PAULO -- Brazil's soybean exports plunged 26% on the year in the first 10 months of 2019, as the declining Chinese pig population due to African swine fever slashed demand for animal feed.

China is Brazil's top export destination, with almost a third of all shipments headed to the country. Brazilian soy and soy product exports to China surged 34% last year, as the trade war prompted China to seek non-U. S. sources of the crop.

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