Brazil currently ranks as the eighth-largest wheat importer in the world, but that ranking may shift in the years to come. Wheat production in Brazil increased by 76% during the previous five years. The harvest of 9.5 million tons of grain in 2022 was the greatest in Brazil’s history for wheat. According to Embrapa Wheat’s forecasts, Brazil might produce 20 million tons by 2030. The country will be able to export the excess to the globe after estimating its domestic consumption at between 12 and 14 million tons, switching from being a big importer to an exporter of wheat on the global market. The volume of exports in 2022 (January to November) increased by over two million tons to 2.5 million tons.
Source: Agrolink (*Translated by Ia Niani)