Brazil’s agriculture ministry keen on widening range of agribusiness products exported to China

Brazil’s agriculture ministry is keen to broaden the range of products exported to China.  Currently, soybeans account for more than 70% of Brazilian shipments to China. In order to diversify this export basket, the ministry wants to negotiate an extensive list of products for market opening with the Asian country.

There is concern over the high level of concentration in the bilateral relationship, since soy was responsible for 72% of exports there in the first half of 2020. With this, China received almost 40% of Brazil’s total agribusiness shipments in the period.

In addition, Brazil wants to review protocols for items already authorized and encourage the approval of GMOs more quickly by the Chinese, which would benefit corn.  Among the products that Brazil is working on to be able to export are genetic matter for poultry, pigs for breeding, live lobsters, citrus pulp for animal feed, concentrated soy protein, peanuts, pecans, sesame, grapes, lime, avocado and sorghum.

Source: Valor Econômico

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