Greater than 90 firms are licensed to promote corn to China

Within the first two months of the yr alone, greater than 90 firms had been licensed to export corn to China. They had been licensed by the Ministry of Agriculture and Livestock (Mapa) to promote grain to the Asian nation throughout this era.

With the qualification, the variety of firms licensed to export the product to China rises to 446. Based on Mapa, the second largest financial system on the planet is a part of the technique to spice up corn exports, that are anticipated to interrupt a document this yr and should exceed exports from america.

In January, Brazilian corn exports rose 167% in comparison with the identical month final yr, in response to the Ministry of Improvement, Business, Commerce and Companies. China absorbed 15% of Brazilian gross sales. Till final yr, Iran, Japan, Spain and Egypt had been the primary patrons of corn from Brazil.

Since final yr, it has been as much as the Ministry of Agriculture to register Brazilian firms that meet the necessities established by China for corn exports. The qualification is a part of an settlement closed between the 2 international locations in 2022.

After registration in Brazil, the Ministry of Agriculture sends the checklist of certified firms to the Basic Administration of Customs of China (GACC). As quickly because the Chinese language authorities affirm the checklist, the businesses can ship the grain to that nation.

The Ministry of Agriculture presents an internet site for firms wishing to export maize to China. To acquire authorization, firms should entry the ministry website.