A threat by China to impose tariffs on US soyabeans may be good news for rival farmers in Brazil.
The spectre of a looming trade war between the world's largest economies have sent Brazilian soyabean premiums soaring, rallying to a 21-month high, according to analysts at Commerzbank.
Brazilian farmers could be the winners in the longer term if China and the US do come to blows, analysts said. Indeed, by threatening China with a trade war, US President Donald Trump could be unwittingly helping Brazil's ambitions to dominate the global agricultural export market and Beijing's goals of building closer ties with Latin America, analysts say.
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