Farmers from Mato Grosso, the state with the largest agricultural output in Brazil, began negotiating to export 5 million tonnes of corn directly to Iran, informed the state chapter of the Soy and Corn Producers Association (Aprosoja-MT) in a note on the 18th. The negotiations took place in Tehran during a meeting with the country’s most important fertilizer producers and deputy secretaries of the Iranian Ministry of Agriculture. In exchange, the Iranians were asked to commit to delivering the same amount in fertilizers. “Is now open an opportunity for a new business model entailing direct trade between Iran and Mato Grosso producers,” the organization stated. According to shipment data, Iran was the second-largest buyer of Brazilian corn in 2021, falling short only to Egypt, importing 3.1 million tonnes. This year, the country has already imported 430 thousand tons of the cereal. The president of Aprosoja-MT, Fernando Cadore, said that Aprosoja-MT’s objective was to cut red tape and find ways to facilitate the direct trade of fertilizers and grains.
Sources: Money Times/Datamar News