Sharjah24 - Reuters: A Brazilian agricultural official said that the update to Chinese customs' list of authorized Brazilian corn exporters on Wednesday might help boost grain sales to the second-largest economy in the world.
The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world's top corn supplier. China relied on the United States and Ukraine for most of its corn supplies but Russia's invasion of Ukraine has disrupted exports.
"It is a good alternative for Brazil, having (more) markets to send products to," said Glauco Bertoldo, an inspections director for vegetable products at Brazil's agriculture ministry.
He said in an interview the list of approved Brazilian facilities that can export corn to China may be updated to include more units in coming weeks.
The new list on the website of China's General Administration of Customs included 136 corn export facilities, including facilities owned by Archer-Daniels-Midland Co,, Bunge Ltd, Cargill, Louis Dreyfus Company and Cofco International.
Cofco declined to comment. Other exporters did not immediately respond to requests for comment.
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