China opens market for peanuts from Brazil

Published Oct 13, 2022

Tridge summary

China has permitted 47 Brazilian companies to export peanuts to the country, making China the largest consumer of Brazilian peanuts. This decision is part of the profitable bilateral negotiations this year, and negotiations for the export of sesame and Brazilian sorghum are expected to conclude this year. Additionally, the export of soy bran, protein, and citrus pulp is imminent. The Brazilian Ministry of Agriculture is also working to authorize the sale of grapes and feed for poultry and swine to the Chinese market. Since 2019, Brazil has opened 43 new markets for agricultural products, reaching a total of 229 in 54 countries.

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

Original content

The General Administration of Customs of China (GACC) recently authorized 47 Brazilian peanut companies to export the product to China. In this context, China is the world's largest consumer of peanuts, importing more than US$ 800 million worth of peanuts annually. From January to May 2022, it imported 273,539 tons. The opening of the Chinese market to Brazilian peanuts is part of a profitable package achieved in bilateral negotiations this year. In addition to peanuts, the export negotiations for sesame and Brazilian sorghum should be concluded this year. Negotiations were also concluded for the export of soy bran and protein, as well as citrus pulp, which can be exported in a few weeks. The Brazilian Ministry of Agriculture, Livestock and Supply (MAPA) is also working to authorize the sale of grapes to the Chinese market, in addition to feed for poultry and swine. With the opening of the Chinese market for Brazilian peanuts, Brazil reached 43 new markets opened for agricultural ...

Source: Agrolink