Commodities & Energy

U.S., Brazil protest Thailand's pesticide ban over impact on wheat, soy exports

U.S., Brazil protest Thailand's pesticide ban over impact on wheat, soy exports

Reuters was first to report that the United States and Brazil had lodged separate protests with Thailand over its ban on two farm chemicals, saying the “restrictive” and “serious” move could hurt key agricultural exports. Bangkok’s pesticide ban could hit U.S. and Brazilian exports of wheat and soy that are worth more than $1 billion a year, according to United Nations data, potentially setting up a diplomatic showdown with Thailand, a leading importer of the commodities from both countries.