The Brazilian wheat crop should lead to a total of 10.935 million tonnes in yields in 2022 as four states are likely to increase output in what will be a record season for local farmers, according to agribusiness consultancy Safras & Mercado. The new estimate represents an increase from the 10.5 million tonnes previously expected. The new forecast underscores that Brazil is on track to produce all of the wheat it needs in the space of 10 years or less, as the government has predicted. The country remains a net importer and buys most of its wheat from neighboring Argentina, but that may soon change. If projections are confirmed, Brazil’s wheat production this year will be 41.2% higher than the 7.745 million tonnes in 2021, which was already a record, Safras said.
Sources: Hellenic Shipping News/Datamar News