Inpasa will ship around 62,000 tons of DDGS to China next week, marking the first delivery of this product from Brazil to the Chinese market, the company said in a statement.
The vessel will be loaded at the Port of Imbituba in the state of Santa Catarina. DDGS is used as an ingredient in animal feed, including for cattle, poultry, swine, horses, goats, sheep, fish and pets.
The shipment became possible after Brazil received its first approvals to export DDGS to China in November last year. At that time, Chinese authorities approved five facilities to supply corn-based DDGS.
Inpasa produces about 3.3 million tons of DDGS annually, making it one of the key players in this segment in Brazil. Entering the Chinese market could create new sales opportunities and increase the added value of ethanol production.
China is already the main destination for Brazil’s agricultural exports, so expanding the range of products supplied is a logical step in developing bilateral trade. The opening of the DDGS market could also intensify competition in the global feed ingredients market.
PigUA.info based on thepigsite.com