date:Jul 09, 2018
ix months of supply or 50 million mt it needs to source to keep feeding its animals from August until March, when Brazil starts to export in force again.
Having exported and sold forward about 56 million mt loading from January through July, Brazil is expected to have about 19 million mt spare exports that could be delivered into China from September onwards.
With supply from other sources expected to be at most 4 million mt, China will need to source at least 27 million mt from elsewhere, o