According to the analyst at Safras & Mercado Élcio Bento, 70% of the approximately 6 million tons of wheat harvested in Rio Grande do Sul have already been sold due to full harvests and successful commercialization in the previous two years, also a strong flow is expected for the remaining 30%. “The producer is earning well, and the cost of production is decreasing, so we have the potential for a new increase for the upcoming harvest”, said Bento. In addition, Jorfe Lemainski, the head of Embrapa Trigo, stated that farmers and researchers should be aware of new market potentials, such as wheat for animal feed, and Brazil’s progress toward wheat self-sufficiency, which is expected to occur in around five years.
Source: ARBITRIGO (*Translated by Ia Niani)