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Brazil expresses willingness to import wheat, rice from India.

Date: 24-01-2020
Subject: Brazil expresses willingness to import wheat, rice from India
Brazil on January 23 expressed willingness to import items such as wheat, rice, millets, and sorghum, from India, said an official release after a meeting of ministers of the two countries. Agriculture and Farmers' Welfare Minister Narendra Singh Tomar held a meeting with Brazilian Minister for Agriculture, Livestock and Food Supply Tereza Cristina Correa da Costa Dias to discuss various bilateral trade opportunities, interests and issues.

Both ministers affirmed that agriculture is a priority for both Brazil and India and resolved to strengthen cooperation in the agriculture and allied sectors, said the release.

It added that Dias said both the countries share a common challenge with a huge part of the population being engaged in agriculture and most of them being small and marginal farmers with low income and lack of market access and very little access to new technology and innovations.

During the meeting, she said removal of bottlenecks will provide a major impetus to boosting trade and business ties.

She said wheat, rice, millets, and sorghum are some of the products that India would like to export to Brazil and that she will try to move forward on this as far as possible, the release quoted her saying.

Tomar, who also holds the portfolios of Rural Development and Panchayati Raj, said the bilateral trade at USD 1.045 billion in 2018-19 was way below potential and is not reflective of the strengths of both economies and there is a need to encourage more trade given the huge complementarities and synergies that exist between India and Brazil.

He said India is interested in diversifying the commodity basket with regard to agricultural exports to Brazil.

Brazil imports onions, fresh and dried grapes, wheat and meslin, maize, rice, soyabean and cotton from various countries.

The Union agriculture minister requested Brazil to explore sourcing these agricultural items from India.

Source: moneycontrol.com

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