TRQ (tariff quota) would be open to all exporting countries, but a high probability that will dominate the US wheat exported through Gulf of Mexico. According to the USDA, in season 2017/18, the share of U.S. imports of wheat in Brazil amounted to only 2.9%,
According to representatives of the grain lobby of Brazil, the issue can be resolved in the coming months.
The volume of 750 thousand tons, accounting for about 11% of the total import of wheat in Brazil. According to Abitrigo, in the 2017/18 season (October-September), Brazil imported 6.49 million tons of wheat. Import in the season 2018/19 is projected at 7 million tons.
Argentina is the largest exporter of wheat to Brazil, delivering a season 6-8 million tons and it accounts for 80-90% of the total imports of wheat in Brazil.
According to analysts by Platts as soon as Brazil will introduce a new duty-free quota, Argentina will sell their excess wheat in Europe, the middle East and East Asia.
Translated by service "Yandex.Translation"