BRAZIL’S WHEAT IMPORTS EXPECTED TO RISE, REACHING 7 MILLION TONNES

Brazil’s wheat harvest is ongoing, but reduced planted area and strong domestic demand are expected to drive higher imports. Analysts and millers project purchases of up to 7 million tonnes in 2025, the highest level since 2013, compared to 6.64 million tonnes last year. Argentina, with an abundant and competitively priced crop of about 20 million tonnes, is expected to be the main supplier. According to Conab, Brazil’s planted wheat area fell 19.9% this year, with production estimated to drop 4.5% to 7.536 million tonnes. Experts warn that lower planting, driven by falling prices and global oversupply, may tighten domestic supply if productivity does not improve. Prices for wheat in Paraná and Rio Grande do Sul fell by up to 8.8% in September. Despite weaker prices, mills report that the quality of the current Brazilian harvest is excellent, though insufficient to meet demand.
Source: Globo Rural / Datamar News