A loose ship carrying 68,000 tons of Brazilian corn arrived on Saturday (January 7) to Machong Port, Saturday (January 7), marking that China began to increase the import of Brazilian corn.
According to Xinhua News Agency, this is the first time that China has imported Brazilian corn imported from the scattered ship. After the 68,000 tons of Brazilian corn imported from COFCO Group, it will be quickly delivered to the hands of Chinese feed companies after the inspection and quarantine.
Bloomberg analyzed that China ’s first loose ship imported Brazilian corn marks the deepening of China's trade relations with Brazil, which may also lead to American farmers' replacement in this important market.In the past, China mainly purchased corn from the United States and Ukraine, but in order to reduce the dependence of the United States, it decided to start the imported corn imported from Brazil in Brazil to the main soybeans and beef in China last year.
Brazil is the third largest corn producer in the world and the second largest exporter of corn in the world. The annual export volume of corn exceeds 40 million tons, accounting for about a quarter of global corn exports.
Xinhua News Agency reported that COFCO Group's investment in Brazil exceeded US $ 2.3 billion (about S $ 3.066 billion). At present, COFCO has established a stable grain corridor between the global farm and grain production areas and the Asian emerging markets.
