LLOYDS LIST via NewsEdge Corporation : BRAZIL is a mere five years away from being a power to reckon with in the grain industry.
According to David Halligan, president of UK-based Grain and Feed Trade Association, approximately 14m hectares of land will soon be under wheat production in Brazil, making the expected soyabean crop one that will not only rival the US harvest, but might exceed it. He said: 'They are opening up virgin savannah land that in four or five years will give rise to a soyabean crop and will also allow Brazil to become a significant maize exporter. Brazil doesn't figure on the current WTO export list, but in five years it certainly will.'
October
