China: Diversification of Grain and Feed Supplies Continues with SPS Protocols Possibly Reached

On May 23, 2022, the People’s Republic of China (PRC) and Brazil held High-Level Committee talks. According to the press release issued by the PRC’s Ministry of Commerce (MOFCOM) on May 24, the talks included several agricultural-related outcomes including, improved and new sanitary and phytosanitary (SPS) market access protocols for corn and hulled peanuts along with plans for new SPS protocols on soy protein concentrate, soybean meal, and orange fiber pellets that may be signed later. The outcomes document includes mention of cooperation in agricultural pesticides, too. In 2021, Brazil remained the largest supplier of agricultural goods to the PRC with China’s import values exceeding $45.9 billion.