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Non-Tech : The Brazil Board

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From: elmatador	8/1/2023 2:49:08 AM
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Brazil steps in to grab market from Ukraine: Nearly 30% of China’s corn was imported from Ukraine last year. Decades of US corn export dominance fade as Brazil seizes top supplier crown U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship the U.S. for just the second time ever this season. Meanwhile, Mexico, America's other top market, is preparing to limit imports of genetically modified corn that comprises more than 90% of every U.S. harvest. The eroding export market share spells trouble for the $90 billion U.S. corn industry as domestic demand for feeding livestock and producing ethanol has also cooled. Plantings of America's most widely grown crop are likely to decline and farm incomes could suffer in the years ahead as a result, analysts said. reuters.com

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