China Continues to Invest in Brazillian Agriculture

Corn in Brazil via https://www.climatepolicyinitiative.org/

Share

China’s investments in Brazilian infrastructure have helped open the door for increased efficiency and increased acres in production. Dan Bowman, grain merchandiser with Archer Daniels Midland adds trade relations between China and Brazil are favorable.

“China continues to probably be a better trade partner with Brazil than they are with the US in many aspects. I saw numbers recently that they’re talking up to 80 percent of Chinese needs, depending on our tariff situation here out of the US, will come out of Brazil,” says Bowman. “That’s the problem. They continue to grow total production, and China is their favorite partner from a trade perspective.”

According to data from the Foreign Agricultural Service, in fiscal year 2022, $36.4 billion of agricultural products were exported to China.

Spread the word

Trending Now

Featured News Podcasts

Subscribe to our Community Newsletter

By submitting this form, you are consenting to receive marketing emails from: Prairie Communications, 55 Public Square, Monmouth, IL, 61462, https://977wmoi.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Choose a Category

Continue Reading

Be Storm Ready

When the severe weather hits, it is best to be prepared. Monmouth Fire Chief Casey Rexroat offers this guidance when it comes to putting together an emergency kit for your

I-74 Bridge Replacement Begins March 24

The Illinois Department of Transportation announced that construction on the Interstate 74 bridges over the Spoon River, just west of the Spoon River Rest Area in Knox County, begins March

Cell Phone Ban Legislation Clears Senate Committee

By PETER HANCOCKCapitol News Illinoisphancock@capitolnewsillinois.com SPRINGFIELD – Legislation that would prohibit public school students from using cell phones and other wireless communication devices during class time cleared a Senate committee