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


Trump-Bolsanaro Summit Could Yield Rich Harvest for Wheat Exporters

Ags - Grains/Beans 162 Argentina 39 Brazil 260 China 1758 Cons. Staples - Food/Beverages 395 U.S. 3297

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...

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