Adverse weather reduces wheat harvest projection in São Paulo, Brazil

Published 2024년 6월 24일

Tridge summary

The São Paulo Wheat Sector Chamber has revised the forecast for the next wheat harvest due to hot and dry weather conditions, expecting a production of approximately 300 thousand tons. The situation is of concern due to the potential impact on both production and industry, with challenges such as reduced crop quality and disease incidence. Despite these challenges, Brazil's wheat is well received in global markets, and the country has the potential to export around 1.5 million tons. Globally, the wheat market is grappling with consumption exceeding production, with China, India, and Europe facing challenges, while the US and Australia are expected to increase production. Argentina, a key supplier to Brazil, is projected to have a significant increase in its harvest, ensuring supply to the Brazilian market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The hot and dry weather, unexpected for this time of year, led to a review of expectations for the next wheat harvest in São Paulo. During the meeting of the São Paulo Wheat Sector Chamber, held in Capão Bonito on June 20, it was announced that regional production should reach around 300 thousand tons, requiring resilience from producers. According to Nelson Montagna, president of the Chamber, the scenario is worrying: “At the last meeting we already predicted a smaller harvest and now this is confirmed. The biggest challenge for production and industry will be the uncertainty about the quantity and quality of the cereal to be harvested in the coming months”. In 2024, temperatures registered an increase of 2.52°C above the 2023 average, already at the safe limit for planting. Júlio Antunes, representative of Castrolanda, highlighted that these conditions have harmed the development of wheat: “The rains started at the right time for planting, but the high heat caused water deficit, ...

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