By Ana Mano SAO PAULO (Reuters) -Chinese state-owned grain trader COFCO is committed to Brazil's soy-buying moratorium, Allan Virtanen, the company's global director of communications and sustainability said on Friday,
The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.
Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped.
Hundreds of Chinese workers were allegedly subjected to forced labor conditions at a BYD factory construction site in Brazil. The recruitment contract violated both Brazilian and Chinese labor laws, triggering investigations and sparking concerns about labor practices.
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Chinese state-owned grain trader COFCO is committed to Brazil's soy-buying moratorium, Allan Virtanen, the company's global director of communications and sustainability said on Friday, despite pressure from local farmers to make it more flexible.
Workers had to fork out almost US$900 deposit that they could only get back after six months’ work. Read more at straitstimes.com.
The Chinese workers hired by BYD contractor Jinjiang in Brazil had to hand over their passports to their new employer, let most of their wages be sent directly to China, and fork over an almost USD 900 deposit that they could only get back after six months' work,
Allan Virtanen, global director of communications and sustainability at Chinese grain trader COFCO, said the company is fully committed to Brazil's "soy moratorium" despite pressure from local farmers to make it more flexible.
Aside from the Brazilian delays, China’s agriculture minister last week said that the country’s hog sector had recovered from a loss-making phase, which in theory would support soybean demand. Chinese soybean crush margins have also improved in recent weeks.