With the recent dollar increase over the Brazilian real, the wheat from Rio Grande do Sul is now assured of worldwide competitiveness. As a result, trading firms stay active in Rio Grande do Sul, said Safras & Mercado analyst Elcio Bento. According to agents, the state has already exported over 1.5 million tons (720 thousand tons of feed wheat and 735 thousand tons of milling) to foreign markets. At the state mills, between 1,850 and 2.0 million tons are projected to be crushed. After around 300,000 tons have already been sold to other FUs, 70,000 tons to national feed companies, 170,000 tons to flour, and 1.455 million tons exported, the remaining amount is 1.855 million tons.
Source: Safras & Mercado (*Translated by Ia Niani)