Brazil Antitrust Regulator Probes 30 Soybean Traders, Two Associations Over Potential Cartel; ABIOVE to Cooperate

Brazil's antitrust regulator has launched an investigation into 30 soybean traders and two industry associations amid concerns over a potential purchasing cartel in the grain-export market. The probe targets major soy exporters and industry groups, with the regulator citing the possibility of anti-competitive behavior in the soybean sector. The Brazilian soy lobby group ABIOVE expressed surprise at the investigation but stated it will defend itself and cooperate with authorities. This inquiry reflects heightened scrutiny of the soybean export market in Brazil, a key player in global agricultural trade.