New corridor: Workers operate combine harvesters during a corn harvest at a farm in Santana do Araguaia in Sao Paolo. Brazil in the southern hemisphere and China in the northern hemisphere complement each other in corn harvesting seasons. — Bloomberg
BEIJING: China’s move to add Brazilian corn to its shopping list will help the former further expand corn import channels and lower geo economic risks so as to better secure its grain security, say market watchers.
The first bulk vessel carrying 68,000 tonnes of Brazilian corn to China arrived at a port in Dongguan, Guangdong province, last Saturday, marking the establishment of a new corridor for the South American country to export corn to the Chinese market, according to a statement released by Cofco Corp, the country’s largest grain trader and foodstuff producer by sales revenue.
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