China intends to import Brazilian corn, challenging supplies from Ukraine and the United States
Maize (Corn)
Brazil
China
Published Oct 19, 2022
Tridge summary
China already buys most of Brazil's soybeans, another feed ingredient for its pig population.
Original content
China may begin importing corn from Brazil as early as December, part of the world's biggest buyer's drive to reduce dependence on the United States and replace supplies from Ukraine disrupted by the Russian invasion. Bloomberg writes about it. About 45 enterprises belonging to the world's leading companies (Bunge, Cargill, Archer-Daniels-Midland) received preliminary approval to export from Brazil to China. This number will increase due to the large number of requests. Follow the news in a convenient format: Follow us on Twitter China is taking steps to boost imports of Brazilian corn, diversifying supplies at a time when the war in Ukraine has disrupted trade and tensions with the US are high. A more than 20% rise in Chicago corn futures in less than three months, compounded by a sharp rise in the US dollar, has intensified the need to find alternative cargoes. China is also restricting exports of corn starch in a sign that the country is concerned about domestic supplies. ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.