U.S. exports of food and farm products to Brazil reached a record $1.6 billion in fiscal year 2013. Brazil has long been one of the world's largest wheat importers but has generally been able to source most of its requirements from neighboring Argentina. However, export restrictions imposed by the Argentine government in 2013 created new opportunities for U.S. wheat exporters. As a result, U.S. wheat sales to Brazil soared to $922 million in 2013, compared to $20 million the previous year.
Brazil is a major competitor to the United States in international sales of agricultural commodities such as soybeans, poultry, beef, corn and rice. But while Brazil and the United States compete in the global market, the two nations are also close collaborators in agricultural research and the advancement of science-based policies to govern international trade in food and agricultural products. The United States’ principal forum for bilateral agricultural discussion and cooperation with Brazil is the Consultative Committee on Agriculture (CCA).