Data from the Brazilian Department of Rural Economy showed that the production of wheat in Parana met the demand of the domestic market in January. The product was mainly targeted to Paraná and São Paulo. The export data also showed wheat has not left Paraná in January 2021, and that the production of wheat in 2020 was limited to the national territory, most likely in 2019. The same report indicated that, in January, Brazil exported 408.7 thousand tons, considering the production of other regions in the country. Up to now, and including December 2020, the total production has reached 663 thousand tons, a volume remarkably close to that estimated by the Brazilian Supply Company (Conab) until July 2021. If expectations are confirmed, prices of wheat in the domestic market may possibly raise. The alternative to reduce prices is to decrease the demand and increase the imports.
Source: Agencia de Notícias do Paraná
*Translated by Ia Niani