LOW SUPPLY OF HIGH-QUALITY WHEAT DRIVES IMPORTS FORWARD IN BRAZIL

Brazil’s wheat imports surge due to dwindling domestic supply of high-quality grain. Secex data reveals a spike in imports to 383.95 thousand tons by mid-February, compared to 291.63 thousand tons last year. Cepea researchers note a preference for superior wheat amid adequate mill agent stocks, attributing increased imports to unfavorable weather affecting domestic crops. Mercosur nations notably contribute to imports. Meanwhile, producers brace for the upcoming planting season. Cepea warns of productivity losses and low prices potentially deterring wheat cultivation.
Source: Correio do Cidadão / Datamar News