China buys corn from Argentina and Brazil

Published Jul 9, 2024

Tridge summary

Brazil is currently the leading supplier of corn to China, but Argentina is poised to take over this position. In July, Brazil's corn exports are projected to reach 3.4 million tons, a decrease from the previous year. China is expected to receive 20% of Brazil's corn shipments in 2024. Meanwhile, Argentina is preparing its first corn shipment to China in 15 years, overcoming previous obstacles that had prevented exports to China due to China's strict regulations on genetically modified products.

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

Original content

Currently, Brazil is the main supplier of corn, but Argentina has the potential to become a leader in this segment of Chinese imports. Experts note that the pace of grain shipments to China is gaining momentum. Anec estimates that in July Brazil's corn exports will amount to 3.4 million tons, 2.4 million tons more than in June. However, the projected figure for July is 2.5 million tons behind the result for the same month of the previous year. China will be the main destination for Brazil's corn exports in 2024, accounting for 20% of all shipments. Additionally, according to reports from national crop export group Ciara-Cec, shipments of Argentine corn are currently being formed for shipment to China. This will be the first shipment of Argentine grains to China in 15 years. An agreement was reached in 2023 to ...

Source: Chacra Magazine