Conab estimated on Thursday Brazil’s wheat crop will reach a record 9 million tons in 2022, with growers sowing the largest area with the cereal, up 17.6% from the historic past season. According to the state-owned company, Brazil has already planted around 65% of the wheat this season, estimated at 2.9 million hectares, which should grow 6.6% when compared to the previous season. Conab also forecast yields will rise 10.3% from the previous season to 3 tons of wheat per hectare. In 1990, agricultural yields were 1 ton per hectare. With a larger domestic wheat supply, Conab reduced the forecast for wheat imports by Brazil in the 2021/22 harvest (ended in July) by 500 thousand tons to 6 million tons. The old crop year ends in July, when Brazil’s exports were an estimated at 3.2 million tons. For 2022/2023, the forecast is for Brazilian wheat exports to reach 2.5 million tons, while wheat imports were estimated at 6.5 million tons.
Source: Reuters (*Translated by Ia Niani)