Brazil expected to Mmaintain wheat import levels in 2024

Published 2024년 8월 28일

Tridge summary

The global wheat market is expected to face challenges such as high grain prices and potential crop failures due to climate change in 2024. These challenges and prospects were discussed in a webinar organized by the Brazilian Wheat Industry Association (Abitrigo). The webinar highlighted the importance of strategic information sharing for decision-making in the wheat production chain. It was predicted that Brazil may need to import wheat due to scarcity and restrict exports for the 2024/25 harvest. The global supply and demand scenario was also discussed, with a note on the impact of economic policies and the rapid correction of inflation in Argentina.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The global wheat market faces a challenging year in 2024, with high grain prices and possible crop failures due to climate change. To better understand the challenges and prospects for the sector, the Brazilian Wheat Industry Association (Abitrigo) held a webinar on the afternoon of August 27, addressing the theme "Wheat Market Scenario in Brazil and the World". The online event was led by Maurício Ghiraldelli, Supply Director at Viterra Milling (Correcta and Moinho’s Cruzeiro do Sul), and featured presentations by Elcio Bento, Market Analyst at Safras & Mercado, and Douglas Araujo, Director of PRTK Consultoria. Ghiraldelli highlighted the importance of the current moment, with the harvest concentrated in the Northern Hemisphere, which accounts for 85% of global production, and in the Southeast and Central-West regions of Brazil. He emphasized the importance of sharing strategic information for decisions in the wheat production chain. In the national context, Elcio Bento analyzed ...

Source: Portal Do Agronegocio