Message :
Required fields
SAO PAULO (Reuters) - Global grains merchants are using satellites and spies to surveil Brazil s soybean heartland and deploying an army of lawyers to ensure farmers deliver promised crops instead of finding a different buyer at prices that have doubled since deals were made.
At stake are billions of dollars and the sanctity of crop contracts in Brazil, the world s top soy exporter accounting for roughly 50% of the global trade.
Soybeans have rallied to an eight-year high and Brazil soy exports have soared in particular, especially to China, which needs feed to rebuild a pig herd devastated by African Swine Fever.
Espías, satélites y abogados: compradores de soja aprietan a los agricultores brasileños gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.
INSIGHT-Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers Reuters 2 hrs ago
SAO PAULO, May 3 (Reuters) - Global grains merchants are using satellites and spies to surveil Brazil s soybean heartland and deploying an army of lawyers to ensure farmers deliver promised crops instead of finding a different buyer at prices that have doubled since deals were made.
At stake are billions of dollars and the sanctity of crop contracts in Brazil, the world s top soy exporter accounting for roughly 50% of the global trade.
Soybeans have rallied to an eight-year high and Brazil soy exports have soared in particular, especially to China, which needs feed to rebuild a pig herd devastated by African Swine Fever.