Bolsanaro’s Diversity Push Could Bring Cargill, Bunge Back to Brazil — Panjiva


Bolsanaro’s Diversity Push Could Bring Cargill, Bunge Back to Brazil

Ags - Grains/Beans 187 Argentina 43 Brazil 290 Consumer Staples 465 Tariffs 1378 U.S. 3708

The Brazilian government will implement a 750,000 ton duty free wheat import quota in November, targeted at non-Mercosur countries as part of the Bolsonaro’s administration’s attempts to reduce the country’s reliance on Argentina. The proportion of Brazil’s wheat imports coming from Argentina climbed to 92.9% of the total in the 12 months to Jul. 31 from 66.6% in calendar 2016. Shipments from the U.S. meanwhile, with whom Brazil may attempt to formulate a trade deal, represented 2.8% from 20.0% in 2016. Past suppliers to Brazil from the U.S. include Cargill and Bunge. Total U.S. wheat ex...

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