The exported volume includes a mix of wheat, corn, and barley.
China, the world’s largest buyer of soybeans, typically sources the oilseed from both the U.S. and Brazil.
This marks Lead Food Capital’s first acquisition in the region, positioning it for further expansion in the specialty soybean and non-GMO seed markets.
Grain buyers have been urged to stop offering low prices for poor-quality maize.
The surge is fueled by peanut oil’s reputation as a heart-healthy cooking option.