Brazil: There is room for agribusiness to diversify sales to China, study reinforces

Published Aug 30, 2021

Tridge summary

A recent study by the Institute of Applied Economic Research (IPEA) and the Chinese Academy of International Trade (Caitec) has highlighted corn as a key product in strengthening Brazil's agricultural trade with China. Despite facing tariff and non-tariff barriers in other product categories, the trade value of Brazilian agricultural exports to China reached US$ 27.9 billion from January to July, accounting for 38.4% of the total export value. In addition to soy, meat, cellulose, sugar, tobacco, and cotton, the study identifies fruit, fish, crustaceans, juices, and plant extracts as potential areas for growth. However, the current lack of phytosanitary agreements is a barrier for corn exports, despite China's growing corn imports, primarily from Ukraine and the US. The United States Department of Agriculture projects that Brazil's corn exports could reach 43 million tons in 2021/22, potentially increasing Brazil's share in the Chinese corn market.

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

Original content

China agro The main destination for Brazilian agribusiness exports, China still has good opportunities for the sector, as long as tariff and non-tariff barriers for some products are circumvented. And, among the candidates with the possibility of reinforcing an agenda currently dominated by soy, meat, cellulose, sugar, tobacco and cotton, is corn, whose production is growing in Brazil - and which has already begun to gain relevance in Chinese imports. This scenario is reinforced by a recently completed study carried out in partnership by the Institute of Applied Economic Research (IPEA) and the Chinese Academy of International Trade (Caitec), which outlined pillars and opportunities for bilateral trade relations. Signed by researchers Marcelo José Braga Nonnemberg, Uallace Moreira Lima, Mateus Azevedo Araujo, Fernanda Pedrosa and Scarlett Queen Almeida Bispo, the work will be published this week. According to data from the Ministry of Agriculture, Brazilian agricultural exports to ...

Source: Avicultura Industrial