Chinese customs updated its list of approved Brazilian corn exporters on Wednesday (2), a move a Brazilian agriculture official said could jumpstart sales of corn to China. “Brazil also sent Beijing a list of approved facilities to export soybean meal, which has not yet been published by Chinese customs authorities,” Bertoldo said. Small Chinese imports from Brazil could start soon, but larger shipments are not expected until the next harvest begins in early 2023, Craig Turner said, a grain broker with StoneX. China is expected to import 18 million tons of corn in the 2022/23 crop year that began in October, according to the Agriculture Ministry.
Sources: Reuters/Nova Cana (*Translated by Ia Niani)