China plans to cut food imports under its new five-year plan, putting tens of billions of dollars of Brazilian soy and beef exports at long-term risk.
BRAZIL · MARKETS
Key Facts
—The plan: China’s 15th Five-Year Plan, approved in March, makes food security and self-sufficiency a priority.
—The risk to Brazil: Analysts estimate roughly $50bn to $60bn a year in Brazilian farm exports to China is exposed.
—The soy number: One estimate sees Chinese soy imports falling about a quarter, or some 23.5m tonnes, by 2030.
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