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Dozens of Tanzanian Soybean Companies Get the Go-Ahead to Start Exporting to China

TWEET TRANSLATION: 49 Tanzanian companies have been approved by the China Customs Authority to export soybeans to China. The move opens the door for soybean from Tanzania to be purchased in China.

Chinese customs authorities granted approvals to 49 Tanzanian soybean companies this week to begin exporting their crop to China. While the opening of this new market could prove to be very lucrative for Tanzanian farmers, it’s unlikely that it’ll have much impact on China’s soybean imports that now average around 99 million tons a year.

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