China opens market for Brazilian peanuts

Published Sep 23, 2022

Tridge summary

The General Administration of Customs of China (GACC) has approved 47 Brazilian companies to export peanuts to China, following completion of all technical steps. This development is part of broader bilateral negotiations aimed at expanding trade, potentially allowing Brazil to export sesame, sorghum, soy meal and protein, citrus pulp, grapes, poultry and swine meal to China. In 2021, Brazil exported $330.5 million worth of peanuts, primarily to European countries.

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

Original content

In a meeting with Mapa's technical teams this week, the General Administration of Customs of China (GACC) confirmed the completion of all the necessary technical steps for Brazilian peanut exports. The GACC granted authorization to 47 Brazilian companies in the peanut sector. The opening for exports has been in effect since yesterday (September 22). The companies were authorized by the Department of Inspection of Products of Plant Origin of the Ministry of Agriculture and Livestock Defense of the Ministry of Agriculture. The world's largest consumer of peanuts, China annually imports more than USD 800 million worth of peanuts. From January to May 2022, there were 248,150,853 kilos of the product. Brazil has all the conditions to achieve a good share of these exports, expanding the list of sales to China. The opening of the Chinese market to Brazilian peanuts is part of a package of advances made in bilateral negotiations this year, possibly the most important in more than a ...

Source: Agroemdia