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335606

UPDATE 3-China customs updates list of approved Brazilian corn exporters

(Adds analyst comment, no immediate comment from exporting companies)

BEIJING, Nov 2 (Reuters) - Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a source with knowledge of the process said meant exports of Brazilian corn to China could begin.

The new list included 136 corn export facilities, a document on the website of the General Administration of Customs showed, including facilities owned by ADM, Bunge, Cargill, Louis Dreyfus and Cofco International.

Cofco declined to comment. Other exporters did not immediately respond to requests for comment.

Brazil's agriculture ministry confirmed sending a list to China, but did not elaborate.

China importing corn from Brazil would be a blow to the United States, the world's top corn supplier, although other traditional Brazilian corn importers will likely shift some of their purchases to the United States. China relies on the United States and Ukraine for its corn supplies but Russia's invasion of Ukraine has disrupted exports.

"There will probably be some horse trading. But China is going to end up buying more corn from South America and less from the United States," said Craig Turner, grain broker with StoneX.

Minimal Chinese imports from Brazil may begin soon, but larger shipments are not expected until Brazil's next harvest begins in early 2023, he added.

Beijing and Brasilia had signed a protocol for exporting corn from Brazil to China in 2014 but little trade had happened due to complex inspection requirements.

The countries agreed to a revised protocol during high-level talks in May, just months after Russia in February invaded Ukraine, previously one of China's top two suppliers.

China is expected to import 18 million tonnes of corn in the 2022/23 crop year that began in October, according to the agriculture ministry.

China's imports from Ukraine have dwindled to less than 2,000 tonnes in September this year, leaving it reliant on the U.S. for the bulk of its overseas supplies. (Reporting by Dominique Patton in Beijing, Ana Mano in Sao Paulo and Karl Plume in Chicago; editing by Jonathan Oatis and Grant McCool)

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