Brazil set to export corn to China before end of 2022, farmer group says

Author of the article: SAO PAULO — Brazil may start exporting corn to China before the end of this year, Cesario Ramalho, the head of institutional affairs at corn farmer group Abramilho, said on Tuesday. Ramalho, speaking at a news conference, said the timeline was provided by Agriculture Ministry officials, who are in talks with…
Brazil set to export corn to China before end of 2022, farmer group says

Author of the article:

SAO PAULO — Brazil may start exporting corn to China before the end of this year, Cesario Ramalho, the head of institutional affairs at corn farmer group Abramilho, said on Tuesday.

Ramalho, speaking at a news conference, said the timeline was provided by Agriculture Ministry officials, who are in talks with China about the acceptance of certain types of transgenic corn cultivated in the South American country.

Brazilian and Chinese authorities concluded negotiations to update the protocol for exports of Brazilian corn to China, the ministry said in a statement to Reuters.

“The technical teams from both countries have been in talks with the aim of concluding the technical procedures that will allow the start of exports,” the ministry said, without elaborating.

In May, China’s customs authorities said they had finalized an agreement to allow imports of Brazilian corn, lining up an alternative to U.S. corn to replace imports from Ukraine.

But shipments have not begun, as talks are ongoing for China to approve certain types of transgenic corn that Brazilian farmers already plant with authorization from Brazilian biosecurity agency CTNBio, Ramalho told the briefing.

Brazil sells corn to countries like Iran, Japan, Mexico and the European Union, Ramalho said, and should continue to export corn to as many markets as possible to avoid dependence on only one buyer.

Ramalho estimates China buys about half of Brazil’s exported meat and some 80% of its soy exports each year. (Reporting by Ana Mano; Editing by Paul Simao and Sam Holmes)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
HSBC Gets Insurance Deal Nod in Sign of Easing China Relations
Read More

HSBC Gets Insurance Deal Nod in Sign of Easing China Relations

Author of the article: Bloomberg News Bloomberg News (Bloomberg) — HSBC Holdings Plc. won regulatory approval to take full control of its life insurance venture in China after more than one and half years’ waiting, marking an initial success in mending frayed relations with Beijing. HSBC will buy the remaining 50% stake in HSBC Life…
CPABC: 265 CPA students excel in national exam
Read More

CPABC: 265 CPA students excel in national exam

Author of the article: VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) — The Chartered Professional Accountants of British Columbia (CPABC) and the CPA Western School of Business (CPAWSB) congratulate the 265 B.C. Chartered Professional Accountants (CPA) candidates who passed the multi-day national Common Final Examination (CFE) written in May 2022. The exam was administered…
Indonesia secures more coal supplies ahead of export ban review
Read More

Indonesia secures more coal supplies ahead of export ban review

Author of the article: Reuters Fransiska Nangoy and Bernadette Christina JAKARTA — Indonesia’s state utility secured an extra 7.5 million tonnes of coal supplies on Tuesday, helping to avert power outages, boost stocks and increase the chances of the government lifting its export ban soon. Indonesia, the world’s top exporter of the coal used in…