Country waiting on approval from regulatory authorities
Brazil is awaiting final approval to become an exporter of corn to China, adding the Asian country to a list of global customers that already includes the Middle East and various European markets, according to reports.
Chinese technicians visited Brazil in March to assess the phytosanitary risks of Brazilian corn, a protocol required to open trade channels in a food commodity. Typically, pest and disease risks from imports are documented and some restrictions on origin of the commodity may be imposed.
Brazil has produced a surplus of corn over the past few years, which has enabled it to export about 8 million to 10 million metric tons per year. Brazil is expected to produce a record 67 million-metric-ton crop in 2012 and export 11 million metric tons, according to the ministry’s food supply agency Conab.