China: Overseas Agriculture-Related News Bulletin (Issue 389)

Published 2023년 10월 15일

Tridge summary

China has become the largest buyer of Brazilian corn, surpassing Japan, Iran, and other traditional markets. Due to China's slow purchase of corn from the United States and difficulties in importing from Ukraine, Brazil is expected to benefit from China's import demand in the coming months. Egypt has implemented an onion export ban for three months to control market prices and reduce the burden on farmers, as the price of onions in the country has reached a record high. Meanwhile, India is expected to restrict sugar exports starting in October due to a reduction in sugarcane production caused by drought, leading to tight global sugar supply.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. According to Brazil's "Globo", China has surpassed Japan, Iran and other traditional Brazilian corn export markets to become the largest buyer of Brazilian corn. According to data from the Brazilian Grain Exporters Association, Brazil's exports to China from November last year to August this year 6.7 million tons of corn, and 4.85 million tons of corn were exported to China in the first eight months of this year. The association believes that due to China’s slow purchase of corn from the United States and difficulties in importing from Ukraine, Brazil will benefit from China’s import demand in the next few months. . 2. According to a recent report by the Egyptian media "Ahram Online", the price of onions in Egypt has recently reached a record high, exceeding 25 Egyptian pounds per kilogram. In order to control market prices and reduce the burden on farmers, Egypt issued an onion export ban on October 1, with a time limit of Three months. According to statistics from the ...

Source: Foodmate