BRAZIL WHEAT AREA PROJECTION DIPS, YET 2025 PRODUCTION EXPECTED TO SURGE BY 17.4%

Safras & Mercado forecasts Brazil’s wheat production will reach 9.125 million tons in 2025, a 17.4% increase year-on-year, even as planted area shrinks 4.1%. The reduced acreage reflects farmers’ shift to more profitable crops, financial constraints, and lingering impacts from previous crop losses. Domestic wheat prices have softened due to weaker international quotes and a stronger Brazilian currency, benefiting buyers. Additional downward pressure comes from Argentine wheat shipments, falling import parity values, with buyers now offering below current market averages.
Source: Portal do Agronegócio (*Translated by Ia Niani)