Brazil: Brazil Eliminates Soybean and Corn Import Duties

  |   Attaché Report (GAIN)

On October 16, Brazil announced that it would suspend the import tariffs on corn, soybeans, soy meal, and soy oil from countries outside the Mercosur trade bloc. The tariff on corn and soy imports from outside Mercosur is currently eight percent, six percent for soy meal, and 10 percent for soy oil. Post anticipates that the decision will be published in the Brazilian Federal Register in the next couple of days and will come into force the same day. The import tariff waiver will apply to soybean and soy products until January 15, 2021, and for corn imports until March 31, 2021. The waiver will apply to all incoming imports with no quota. Post sees several hurdles to substantial imports from the United States due to current price spreads and several regulatory and logistical challenges.

Brazil: Brazil Eliminates Soybean and Corn Import Duties

Related Reports

Attaché Report (GAIN)

Hong Kong: The Renewal of the Hong Kong Spirits Market

In 2022, Hong Kong was the world’s tenth largest spirits importer, with global imports recovering 7 percent year-on-year and valued at $502 million. From 2020-2021, Hong Kong’s imports and domestic sales of spirits were seriously hampered under the COVID-19 pandemic, as most restaurants, pubs, and bars were closed due to stringent dining, social distancing, and travel restrictions.
Attaché Report (GAIN)

Algeria: Grain and Feed Update

For MY 2022/23, Post maintains its forecast wheat production at 3.3 million metric tons (MMT), and barley at 1.2 MMT. Post forecasts MY 2022/23 barley imports at 772 thousand metric tons, in line with the import volume seen last year.
Attaché Report (GAIN)

Burma: Burma Corn Production Supply and Demand

FAS Rangoon forecasts Burma’s corn production lower due to rising production costs, unstable security conditions in some production areas, and unfavorable weather especially in Shan State.