Amid Tight Supplies, Southern Brazil Port Imports First Soy Cargo in Decade

SAO PAULO, Brazil — A vessel carrying 30,500 metric tons of soybeans produced in the United States was headed to Brazil on Friday, according to the Paranaguá port authority, as the nation makes a rare purchase from North America amid tight supplies, according a Successful Farming report from Reuters.

Brazil sold huge soybean volumes to top importer China this year, leaving little for domestic consumption. The situation led to a rise in livestock feed prices and fueled domestic food inflation.

The authority said the Discoverer will bring in the first imported soy cargo via the Paranaguá port in at least a decade. The vessel is expected to moor between Dec. 7 and Dec. 15 and will be inspected before unloading.

The Discoverer was chartered by Louis Dreyfus Co, shipping data show.

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