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The Brazilian government cut import tariffs for several categories of goods, focusing on food staples in an attempt to reduce consumer inflation. Import tariffs on beef, chicken, corn, wheat flour, wheat, cookies and bakery products were eliminated through the end of the year.

Record wheat crops in both Argentina and Brazil have provided ample exportable supplies as major importers scramble to find alternative sources of wheat amid the disruption to Ukraine exports.

Syngenta, a leading agriculture company, finalized the the acquisition of Nidera Seeds from Chinese...