The Brazilian Chamber of Foreign Trade (Camex) renewed the quota for importing 750,000 tons of wheat from outside Mercosur that is exempt from the Common External Tariff (TEC) – which, in this case, is 10%. Purchases can be made from November 18 this year to November 17, 2021. The quota was established in a commitment made by the country to the World Trade Organization (WTO) in 2019. This July, due to the shortage of wheat in the national market and the high prices, CAMEX allowed the importation of an extra quota of 450,000 tons, TEC-free, from outside Mercosur until November 17 of this year. Brazil is one of the main wheat importers in the world. About 60% of domestic consumption comes from abroad, mainly from Argentina (2.068.906), then from the United States (28.078), Martinica (4.011) and Suriname (3.508).
Sources: Antaq / Valor Econômico / Datamar News