BRAZIL IS FACING A FLOOD OF CHEAP SOYBEAN SMUGGLED ILLEGALLY FROM ARGENTINA

On 11 January, Insight Crime reported that on 4 January Argentina reported a seizure of 7.6 tons of contraband soy being illegally exported to Brazil.  In Q1 of 2021, 2,530 tons of contraband soy was seized going from Argentina to Brazil.  It is said that the underlying driver is a stark profit differential: while a ton of soybeans fetches a price of roughly $272 in Argentina, that same cargo goes for nearly $844 in Brazil, roughly $500 in Paraguay and Bolivia.

https://insightcrime.org/news/worlds-top-soy-producer-has-smuggling-problem/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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