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Argentina will be forced to seek new markets for wheat after the introduction of the TRQ for Brazil third countries
Argentina prepares to compete in the Brazilian wheat market, where it currently dominates with a market share of 80-90%, as the latter is considering the possibility of duty-free import of 750 thousand of wheat from countries outside the trading bloc Mercosur, which includes Argentina, Brazil, Paraguay, Uruguay and Venezuela. The Agency said Grain Online with reference to Platts Agency.
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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.

 

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Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн