The situation in Brazil now is one of a record harvest (11.545 million tons, according to data from Safras & Mercado), a rise in exports, and a decrease in imports, primarily due to the decline in Argentine production. The analyst Elcio Bento also highlights the decrease in production costs and the expansion of the wheat-planted area for the new harvest in 2023–2024. “This year, growers are choosing to cultivate wheat because the cost of production is significantly cheaper. Brazil has to increase its reliance on wheat production in areas where soybean output is trailing”. He adds: “the variety of demands for wheat, whether for milling and flour production, export, animal feed, or ethanol, can contribute to boosting the volume produced in the country”.
Source: Notícias Agrícolas (*Translated by Ia Niani)