Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   
   
   
   
   

Agricultural News


Brazil May Soon Allow Duty Free Wheat Into Their Country- US Wheat Farmers May Benefit

Mon, 11 Nov 2019 13:56:31 CST

Brazil May Soon Allow Duty Free Wheat Into Their Country- US Wheat Farmers May Benefit A significant impediment to U.S. wheat sales to the large Brazilian market is likely to end soon. Brazil’s government has announced it intends to implement a tariff rate quota (TRQ) allowing up to 750,000 metric tons (MT) of wheat to be imported duty-free from countries outside the Mercosur trade agreement.


Brazil first agreed to this TRQ some 24 years ago when it joined the World Trade Organization (WTO). The Brazilian government is now moving forward with developing a final process and date for implementing the TRQ.


Through U.S. Wheat Associates (USW) and the U.S. government, wheat farmers have worked and negotiated for several years with Brazil’s government to open the TRQ and create a more open market there for U.S. hard red winter (HRW) and soft red winter (SRW) wheat.


“Brazil is a quality-focused wheat market and its flour millers recognize that U.S. wheat can help them better meet their customers’ needs,” said USW President Vince Peterson. “Opening the TRQ will give those millers more consistent access to our wheat classes while still having the option to source from other countries. That is how the market should work and we welcome this opportunity.”


“This is a perfect example of how fulfilling commitments can work for all trading partners,” said Doug Goyings, USW Chairman and a wheat farmer from Paulding, Ohio. “We want to recognize Ambassador Gregg Doud, our Chief Agricultural Negotiator at the Office of the U.S. Trade Representative, and USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney, as well as the career staff of USDA and USTR for their focus on this issue. They have raised it multiple times with their counterparts in Brazil.”


Brazil is the fourth largest wheat importer in the world but Argentina and other countries in the Mercosur agreement have had a competitive advantage with mostly unlimited duty-free access to the market. Wheat imports from countries outside the Mercosur agreement including the United States are subject to a 10 percent tariff. However, USW has always conducted activities in Brazil to keep its millers and bakers informed about the quality and value of U.S. wheat. As a result, when Brazil opened provisional TRQs in 2008, 2013 and 2014 because its Mercosur partners had wheat supply challenges, U.S. HRW and SRW made up more than 80 percent of imports.


Source- US Wheat Associates    



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Signing Moves USMCA Towards Benefits for U.S. Wheat Grower  Tue, 10 Dec 2019 17:03:52 CST
  • Growth Energy Excited with the Announcement about USMCA Deal  Tue, 10 Dec 2019 16:58:49 CST
  • AEM Hails USMCA Agreement  Tue, 10 Dec 2019 16:53:24 CST
  • AEM Hails USMCA Agreement  Tue, 10 Dec 2019 16:53:01 CST
  • NCBA Applauds USMCA Movement   Tue, 10 Dec 2019 16:48:55 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Tuesday, December 10, 2019  Tue, 10 Dec 2019 16:42:58 CST
  • R-CALF Hates the USMCA Deal Announced by the Trump Administration and House Democrats- Urge a NO Vote  Tue, 10 Dec 2019 15:56:34 CST
  • US Cotton Crop Bigger Than 2018- But Oklahoma and Texas Crops a Bit Smaller   Tue, 10 Dec 2019 15:51:59 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.