Trump-Bolsanaro Summit Could Yield Rich Harvest for Wheat Exporters — Panjiva
MENU

Trump-Bolsanaro Summit Could Yield Rich Harvest for Wheat Exporters

Ags - Grains/Beans 304 Argentina 58 Brazil 402 China 2999 Consumer Staples 774 U.S. 5347

Meetings between President Jair Bolsanaro and President Donald Trump from Mar. 19 will include discussions about trade relations. While a full free trade deal isn’t on the agenda, U.S. senators have called for improved access for exports of wheat to Brazil. The meeting comes as U.S. wheat exports globally fell 11.2% year over year to $5.44 billion in 2018. The slide is largely due to a 70.0% slump in shipments to China due to tariffs. There’s potential for significant growth as exports to Brazil were just $63.5 million in 2018 compared to $1.23 billion in 2013. Brazilian importers includ...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.