As Ukraine's corn exports are currently restricted due to the war, China seems to be looking for other suppliers in the world market. In that regard, Brazil could be a good candidate to be an alternative supplier for the remainder of the 2021/22 marketing year, as well as in the new 2022/23 crop as production has recovered from the previous cycle and exportable supply is expected to be sufficient until the end of the calendar year. Moreover, production and exports for the new season are forecast at a new record level.
On May 23, China and Brazil announced that they had signed a protocol on phytosanitary requirements, which would allow the export of Brazilian corn to China. However, in the event that large volumes are negotiated, a reconfiguration of global trade flows of the grain could be expected.
PigUA,info by materials pig333.com