Brazil’s 2022 wheat planted area is expected to record a 20.6% growth (to 3.4 million hectares) in relation to the previous season due to higher prices amid the war in Ukraine, according to consultancy StoneX. The country’s total production could surpass 10 million tons, a new record. These numbers depend on weather conditions, since planting is now at an early stage. “It is important to point out that, with a favorable exchange rate and competitive prices, Brazil has become a potential wheat exporter, something new for the country”, highlighted Jonathan Pinheiro, a consultant at StoneX. According to him, major imports have seen Brazilian wheat as an alternative. “Given this situation, the country may show export levels even higher than those in the 2021/22 season.” The two largest producing states in the country are Paraná and Rio Grande do Sul.
Sources: Reuters/Notícias Agrícolas (*Translated by Ia Niani)