China Lifts Restrictions On Corn Imports From Brazil
In a move thats likely to spread cheer among corn producers in Brazil, China has lifted its restrictions on the grains import from the South American nation. The accord was signed during Brazilian Vice President Michel Temers recent visit to China.
Although China is the second largest producer of corn after the United States, the lack of land and water resources coupled with problems like shortage of skilled young farmers has left the country unable to keep up with the growing demand of its rapidly increasing population.
Until now, the country was meeting its additional needs with corn imports from the U.S. However, disappointing yield in the U.S. over the last several years has forced the Middle Kingdom to explore other options. Before signing the deal with Brazil, it had entered into a similar agreement with Argentina and even received its first shipment of corn from the country in August this year.
Chinas decision to lift the import ban on Brazil came after the latter agreed to address its phytosanitary concerns. The two countries have even signed an agreement stipulating necessary quality and quarantine standards for corn imports into China.
The country is expected to import about 7 million metric tons of corn this season despite assurances from officials that corn imports into China were likely to decline this season on the back of increased domestic output.
One thing is clear. The news could not have come at a better time for Brazilian farmers, whove been struggling with surplus corn crop thanks largely to a tremendous increase in their double corn crop production.
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Although China is the second largest producer of corn after the United States, the lack of land and water resources coupled with problems like shortage of skilled young farmers has left the country unable to keep up with the growing demand of its rapidly increasing population.
Until now, the country was meeting its additional needs with corn imports from the U.S. However, disappointing yield in the U.S. over the last several years has forced the Middle Kingdom to explore other options. Before signing the deal with Brazil, it had entered into a similar agreement with Argentina and even received its first shipment of corn from the country in August this year.
Chinas decision to lift the import ban on Brazil came after the latter agreed to address its phytosanitary concerns. The two countries have even signed an agreement stipulating necessary quality and quarantine standards for corn imports into China.
The country is expected to import about 7 million metric tons of corn this season despite assurances from officials that corn imports into China were likely to decline this season on the back of increased domestic output.
One thing is clear. The news could not have come at a better time for Brazilian farmers, whove been struggling with surplus corn crop thanks largely to a tremendous increase in their double corn crop production.
To continue reading this article for FREE please use the below links :
---
To view the original article visit:
China lifts restrictions on corn imports from Brazil
To view more such articles related to logistics, shipping & commodities visit:
Read More Articles
About Logpedia:
Logpedia.com is a news aggregating and information portal, dedicated to offering news, press releases, as well as information related to international trade, linked from over thousands of sources worldwide.
We also cover the latest events in the world along with interviews in the field of Logistics, Commodities and Market, all combined together and delivered to our registered user's inbox through our bi-monthly E-Magazines.
What we do?
News:
Logpedia's team of professionals uses a more traditional approach of handpicking, filtering, sorting and linking the most relevant and significant news from various sources; instead of using the automated system of bots which isn't relied upon as it is not always relevant and still has room for repetitive errors.
Articles:
Our in-house editors cascade the latest events from across the world from the field of Logistics, Commodities and Market covered in our articles which are available to our registered users in our bi-monthly E-Magazines. Please click here for free Registration.
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