Brazil sorghum exports to China seen gaining momentum in second half
In Brazil, DatamarNews reported that Brazil’s sorghum exports are likely to remain limited in the first half of the year due to tight supply, as exporters compete with feed and grain ethanol producers for the cereal, despite China recently opening its market to Brazilian shipments, according to a Chinese trading executive.
However, trading company Hang Tung — one of the world’s largest sorghum traders, handling between 2.5 million and 3 million metric tons annually from multiple origins — expects stronger business involving Brazilian sorghum in the second half of the year, when the domestic harvest arrives and Chinese demand may increase, according to the report.
“It’s currently the off-season, so I think export volumes will be limited,” said Gabriel Cordeiro, Hang Tung’s managing director in Brazil. He added that activity could pick up later in the year as the harvest progresses.
The most favorable export window is expected to begin “from July onward,” he said, noting that sorghum in Brazil is primarily grown as a second crop.
Category: Food & Agriculture
