record high in its soybeans exports to China. As of the end of 2018, the local industry association estimated that the country’s total soybeans output will reach 120 million to 125 million tons – a new high – in 2019.
Brazil will enter the harvest season for soybeans in coming months. As China restarts to im
port more from the US, companies in Brazil have also lowered their expectations for soy oil exports.
Brazil’s exports are expected to fall to 400,000 tons this year versus 1.43 million tons last year in terms of soy oil exports, according to Amaral.
Still, the Brazilian industry representative remained optimistic about the future of soybeans trade with China.
“Even with the more intense participation of US products in the Chinese
market, we believe China will continue to need Brazilian soy to fulfill its domes
tic market,” he said, noting that neither US or Brazil can adequately supply Chinese demand.
“Brazil will keep an important presence in the Chinese market,” Amaral added.
Soybeans have been a crucial element in simmering trade tensions between the two count
ries, CNBC said on Saturday. China, the world’s largest soybeans importer, cut off purchases from the US in 201
8, sending prices tumbling and leaving US farmers struggling to sell off their record harvest, the media report noted.
The Belt and Road Initiative has promoted prosperity, peace and security not only in China but throughout the regions. I invited some scientists and university pr
ofessors in Iran to study the initiative. Their report will increase Iranians’ understanding of it through the media.
Many projects are currently being carried out in Iran under the initiative, including energy, infrastr
ucture and railway projects. Iranian people, the government and the Supreme Leader are willing to strengthen
relations with China and support cooperation between the two countries in various fields. All the projects
that China plans to carry out in Iran will be welcomed by us. One of my priorities is to promote these projects.
The second Belt and Road Forum for international C
ooperation will be held this year. Will Iran send an official delegation to the event?
We will not refuse any invitation from China. Iran attends most of the forums and meetings held in China. The Belt and Ro
ad Forum is an important event which will be attended by high-level Iranian officials.
With China’s rise in the last few years, it has become more involved in Middle East affairs includin
g making mediation efforts. China also played a role in the Iran nuclear deal talks. How do you e
valuate China’s efforts in Middle East affairs? What role do you think China can play in the region?