The Brazilian government has failed to issue safety assurance documents to international trading houses for soybean exports to China, prompting the Chinese government to stop accepting applications for export licenses for Brazilian soybeans, a senior Chinese agricultural official said, according to a Dow Jones report.



Exports license for Brazil-origin soybeans expired Dec. 31 and international trading houses haven't been able to export Brazilian soybeans to China since as they have to apply for new documents.



According to the official at the GMO Safety Regulations Office under China's Ministry of Agriculture, the Chinese government will accept applications to import Brazilian soybeans after the Brazilian government issues the appropriate documents proving the soybeans are safe for human consumption.



China adopted strict policies on soybean imports in 2000. International trading houses must apply to the MOA for licenses for genetically modified soybean exports to China before signing contracts with Chinese buyers. However, international trading houses aren't hurrying through the necessary documentation process this year as Chinese supplies appear ample for the next two to three months.



A senior trading official at Yellow Sea Grains & Oil Co., one of the four largest soybean crushers in the eastern province of Shandong, said the company can import U.S.-origin beans if imports of Brazil-origin beans don't resume soon.



"A suspension in Brazilian soybean imports is unlikely to worry importers as long as the U.S. keeps on exporting," the official said. "The U.S. will be able to supply the world market until March or even April in some cases, while the newly harvested Brazilian soybeans will hit the market only in early March."