China confirms opening of the Brazilian corn market
China confirmed yesterday that will allow the importation of large quantities of Brazilian corn , another step in the Asian country to reduce its dependence on the product from the United States .
The U.S. provides more than 90 % of cereal imports into China , but their participation in the corn -growing market in the world has fallen in the past two years on initiatives that country to diversify its sources of supply .
Increasing industrialization and the transition of China to a diet rich in proteins are altering the world trade flows . The volume of Chinese demand last year was 39 times greater than in 2009 , while imports represent , so far, only 2 % of total household consumption.
Beijing officials have warned that China could face a shortfall in supply of corn in the coming years due to increasing demand of animal feed and food processing , which turn the grain into profitable byproducts such as sweeteners , starches and glues , among other industries .
This demand is expected to remain high . In January , authorities said that the agricultural sector is likely that China has to import more corn in the coming years , in what was billed as " an inevitable choice ."
The agreement with Brazil , signed on March 31 by the General Administration of Quality Supervision , Inspection and Quarantine of China , is similar to those signed with Argentina , in February 2012 , and Ukraine in November of the same year . Analysts note that the formal announcement yesterday was the result of months of work to determine what types of Brazilian corn China considers acceptable for import.
In November , when he was in China , the then Minister of Agriculture of Brazil , Antonio Andrade , said the two countries had closed a plant according to the Brazilian corn were exported to the Chinese market , but did not say when he would be formally approved .
Brazil has recently become the second largest corn exporter in the world after the U.S. , but it was not the first Latin American country to negotiate with China on that front . Argentina , third largest exporter , sent in July its first large shipment to the Asian country (66 tons ) .
Brazil and Argentina came to sell a few hundred tons of corn to China in the past , but agreements to ensure product integrity , as the plant pact between Brazil and China, may pave the way for consignments that can reach thousands of tons in a single month .
Analysts say China's delay in addressing Brazil and maize may have been caused by logistical factors . " The supply of maize in Brazil can be very volatile and unstable ," says Pan Chenjun , analyst at Rabobank . Brazil is just one of at least seven countries with which China has been negotiating to secure its supply of cereal.
In 2011 , U.S. only , Laos and Myanmar sent shipments of higher corn and 10 tons to China . But last year , the country added Argentina and Ukraine to the group of large suppliers . China also increased the share of supply of other countries , including Russia and India .
In 2012 , the U.S. accounted for 98 % of maize imports from China . Last year , the U.S. share fell to 91 % . Meanwhile , Chinese quality inspectors rejected a record 545,000 tonnes of U.S. corn last year , claiming that the charges were contaminated with a genetically modified variety not approved by the Chinese government to import .
Even so , the high levels of imports in recent months - including the U.S. corn - indicate that China continues to be an opportunistic buyer on world markets . Corn prices began rising in recent weeks , but thanks to a massive global crop still 34 % below the historical peak of U.S. $ 333 per tonne recorded in July 2012.
China continues to take initiatives to ensure his share of grains and other foods in the world . Giant COFCO paid about $ 1.2 billion for a majority stake in the Dutch trading Nidera . The State also filed a $ 1.5 billion consortium to acquire a majority stake in agribusiness division of Noble Group .
- See more at : http://www.seagri.ba.gov.br/noticias/2014/04/09/china-confirma-abertura-de-mercado-ao-milho-brasileiro#sthash.Jqoj7Vmh.dpuf
China confirmed yesterday that will allow the importation of large quantities of Brazilian corn , another step in the Asian country to reduce its dependence on the product from the United States .
The U.S. provides more than 90 % of cereal imports into China , but their participation in the corn -growing market in the world has fallen in the past two years on initiatives that country to diversify its sources of supply .
Increasing industrialization and the transition of China to a diet rich in proteins are altering the world trade flows . The volume of Chinese demand last year was 39 times greater than in 2009 , while imports represent , so far, only 2 % of total household consumption.
Beijing officials have warned that China could face a shortfall in supply of corn in the coming years due to increasing demand of animal feed and food processing , which turn the grain into profitable byproducts such as sweeteners , starches and glues , among other industries .
This demand is expected to remain high . In January , authorities said that the agricultural sector is likely that China has to import more corn in the coming years , in what was billed as " an inevitable choice ."
The agreement with Brazil , signed on March 31 by the General Administration of Quality Supervision , Inspection and Quarantine of China , is similar to those signed with Argentina , in February 2012 , and Ukraine in November of the same year . Analysts note that the formal announcement yesterday was the result of months of work to determine what types of Brazilian corn China considers acceptable for import.
In November , when he was in China , the then Minister of Agriculture of Brazil , Antonio Andrade , said the two countries had closed a plant according to the Brazilian corn were exported to the Chinese market , but did not say when he would be formally approved .
Brazil has recently become the second largest corn exporter in the world after the U.S. , but it was not the first Latin American country to negotiate with China on that front . Argentina , third largest exporter , sent in July its first large shipment to the Asian country (66 tons ) .
Brazil and Argentina came to sell a few hundred tons of corn to China in the past , but agreements to ensure product integrity , as the plant pact between Brazil and China, may pave the way for consignments that can reach thousands of tons in a single month .
Analysts say China's delay in addressing Brazil and maize may have been caused by logistical factors . " The supply of maize in Brazil can be very volatile and unstable ," says Pan Chenjun , analyst at Rabobank . Brazil is just one of at least seven countries with which China has been negotiating to secure its supply of cereal.
In 2011 , U.S. only , Laos and Myanmar sent shipments of higher corn and 10 tons to China . But last year , the country added Argentina and Ukraine to the group of large suppliers . China also increased the share of supply of other countries , including Russia and India .
In 2012 , the U.S. accounted for 98 % of maize imports from China . Last year , the U.S. share fell to 91 % . Meanwhile , Chinese quality inspectors rejected a record 545,000 tonnes of U.S. corn last year , claiming that the charges were contaminated with a genetically modified variety not approved by the Chinese government to import .
Even so , the high levels of imports in recent months - including the U.S. corn - indicate that China continues to be an opportunistic buyer on world markets . Corn prices began rising in recent weeks , but thanks to a massive global crop still 34 % below the historical peak of U.S. $ 333 per tonne recorded in July 2012.
China continues to take initiatives to ensure his share of grains and other foods in the world . Giant COFCO paid about $ 1.2 billion for a majority stake in the Dutch trading Nidera . The State also filed a $ 1.5 billion consortium to acquire a majority stake in agribusiness division of Noble Group .
- See more at : http://www.seagri.ba.gov.br/noticias/2014/04/09/china-confirma-abertura-de-mercado-ao-milho-brasileiro#sthash.Jqoj7Vmh.dpuf
Nenhum comentário:
Postar um comentário
Obrigado! Sua opinião é muito importante.