China Ramps Up Corn Purchases From Brazil as US Exports Decline
- Brazil’s shipments may exceed 1 million tons of corn this year
- First Brazilian corn cargo departed for China in November
Workers operate combine harvesters during a corn harvest at a farm in Santana do Araguaia, Brazil.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
China is ramping up imports of Brazilian corn, replacing imports of the more expensive US grain.
Four vessels loaded with Brazilian corn are currently en route to China and five more should sail to China soon, according to the shipping agency Alphamar Agencia Maritima. Additional vessels waiting to load may also head there, pushing total Brazilian corn shipments to China past 1 million tons for the year.