Brazil is considering granting an import quota of 750,000 tons of wheat from the United States per year, tariff-free, in exchange for other trade concessions, according to Reuters. This is equivalent to around 10% of Brazil's annual wheat imports and is part of a two-decade commitment to import 750,000 tonnes of the cereal per year duty-free. In addition, Reuters also reported that senators from US state areas called for wheat sales to be on the agenda, in a letter to US President Donald Trump. As such, they estimate that this quota would increase US wheat sales by between US$ 75 million and US$ 120 million per year. A Brazilian official, who asked not to be identified to discuss the matter, told Reuters that the wheat quota could be sealed during a meeting between Brazilian Agriculture Minister Teresa Cristina and the United States Secretary of Agriculture, Sonny Perdue, next Tuesday (19.03). In return, the Brazilian government said it hopes to see movement toward reopening the United States market for fresh beef imports from Brazil, which was closed following a meat-packing industry controversy involving inspectors who were paid to give false certificates. At this moment, the President of the Republic, Jair Bolsonaro, is in the North American country, together with a delegation of ministers, to discuss matters of national interest.
Source: agrolink | Author: Leonardo Gottems
