RIO DE JANEIRO, BRAZIL - Brazil has agreed to import up to 750,000 metric tons of US wheat annually, without the usual duties it pays for wheat grown outside the Mercosur countries. This move has disappointed Argentina, writes Gill Hyslop from William Reed Business Media.
The announcement follows the first bilateral meeting between US president Donald Trump and recently elected Brazilian Jair Bolsonaro aimed at lowering barriers to agricultural trade.
According to a joint statement, no duties will be levied on up to 750,000 tonnes of imported wheat (about 28 million bushels) a year, worth around US . . .