In February, Brazil experienced a surge in wheat imports due to a limited supply of high-quality wheat in the domestic market. The adverse weather conditions during the development of the national crop led to a scarcity of superior-quality wheat. The Center for Advanced Studies in Applied Economics (Cepea) reported a significant increase in international purchases, particularly from Mercosur countries. Despite many mills having stockpiled wheat, the demand for higher-quality wheat remains high among buyers. As a result, Brazilian importers are favoring Mercosur member countries to meet their needs.
Source: Agrolink (*Translated by Ia Niani)