Wednesday, September 19, 2018
 China Opens Market To Brazilian Dairy Products  

While Brazil continues to capture negative headlines in business with news of loss of investment grade, galloping inflation and deficit budget bills, in agriculture, the South American country seems to be growing by leaps and bounds. The latest data forecasts for grain and cereal production shows increases from last year’s harvest yields and the Ministry of Agriculture has just announced the opening up of new export markets for Brazilian goods.

 

After nineteen years of negotiations, China, one of Brazil’s largest trading partners, has  agreed to open up its market to Brazilian dairy products.


According to Tatiana Palermo, Agribusiness International Relations Secretary at the Ministry of Agriculture, China is the largest dairy importer in the world, purchasing almost fourteen percent of all global dairy exports, or US$6.4 billion, in 2014, but Brazil only had 0.7 percent of that market. The official said that Brazilian companies will focus on selling mainly powdered milk, cheeses and butter to the Asian giant.


“We have entered the two largest dairy markets in the world,” stated Palermo, while also announcing the obtainment of licenses of another thirteen Brazilian dairy plants to export to Russia.


Brazil’s agricultural sector has in the past few years been one of the driving forces in the country’s economy, registering record upon record harvest yields and opening up several new markets for Brazilian agricultural goods abroad. This year, the sector has been especially important to the Brazilian economy with its GDP growing by 1.8 percent during the second quarter in relation to the same period last year, while the Brazilian economy overall shrank by 2.6 percent.


Source: The Rio Times 
 


Posted on Thursday, September 17, 2015 (Archive on Thursday, September 24, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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