US Wheat Exporters to Benefit From Brazil's New TRQ, USDA Says

Brazil recently introduced a duty-free tariff rate quota that presents “new opportunities” for U.S. wheat exporters, according to a U.S. Department of Agriculture Foreign Agricultural Service report released Dec. 18. The quota for 750,000 metric tons of wheat imports will apply to non-Mercosur countries, USDA said, and will represent 10 percent of the country’s wheat imports during the last fiscal year. Brazil’s wheat millers association, Abitrigo, expects the TRQ to increase imports from the U.S., Canada and Russia, the USDA said, including an increase of $70 million in annual wheat exports from the U.S.