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China confirms purchases of Brazilian soybeans
Chinos compran soja brasileña
Porto Alegre, Brazil
April 12, 2004

Agência Brasil

The president of the Chinese state-run firm, Chinatex, Zhao Boya, who is in Porto Alegre on a visit to Brazil, has confirmed that China wants to buy a total of 2 million tons of Brazilian soybeans. Boya said the decision to buy soybeans grown in Rio Grande do Sul was due to its quality.

A 350,000 ton purchase will be shipped out on April 20 after the Chinese made an upfront payment of US$50 million.

Boya says that China is the fastest growing soybean consumer market in the world and that his group, which also works with peas, cotton and corn, has seen its soybean operations rapidly expand. The purchases in Rio Grande do Sul was just beginning, said Boya. He added that there existed the possibility of future investments in the soybean industry in Brazil as the commercial relationship was just starting and could grow substantially.


Chinos compran soja brasileña

El presidente del grupo estatal chino Chinatex, Zhao Boya, confirmó, en Porto Alegre, el interés de la empresa en importar dos millones de soja producidas en el Río Grande del Sur.

Durante visita al gobernador Germano Rigoto, en el Palacio Piratini, la pasada semana, Zhao Boya dijo que la opción por la soja gaucha es debida a su calidad. El primer lote comprado por los chinos, de 350 mil toneladas, deberá empezar a ser embarcado el próximo 20 de este mes.

Zhao relató al gobernador que China es el país con mayor crecimiento en el consumo de soja en el mundo y que el grupo, que trabaja también con arveja, algodón y maíz, está aumentando la participación de soja en sus negocios. Según el presidente de la estatal china, las compras del Río Grande del Sur son el primer paso en ese sentido. Al admitir la posibilidad de inversiones en unidades de industrialización, Zhao Boya dijo que la relación con el Estado está sólo empezando y que es muy buena.

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