Brazil should maintain pace of wheat imports, says Abitrigo

Published 2024년 8월 27일

Tridge summary

The year 2024 is expected to present significant challenges for the global wheat market due to rising cereal prices and potential crop losses caused by climate change. To address these issues, the Brazilian Wheat Industry Association (Abitrigo) organized a webinar titled "Wheat market scenario in Brazil and the world." The event brought together experts who discussed the factors influencing wheat pricing and market dynamics. They highlighted the importance of national production, international prices, and exchange rates in Brazil's wheat market. Additionally, the global supply and demand scenario was discussed, with an emphasis on the effects of interest rates and inflation on the Stock Exchange and the physical market. The webinar underscored Argentina's successful correction of inflation as an event that could positively impact the global economic environment and the new harvest, potentially influencing the global wheat market.

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

Original content

Marked by numerous challenges, such as increases in cereal prices and possible crop failures due to climate change, 2024 can already be considered a challenging year for the global wheat market. In order to understand the bottlenecks and possibilities of this scenario, the Brazilian Wheat Industry Association (Abitrigo) held a webinar on the subject on the afternoon of August 27. With the theme “Wheat market scenario in Brazil and the world”, the online meeting, mediated by the Supply Director of Viterra Milling (Correcta and Moinho’s Cruzeiro do Sul), Maurício Ghiraldelli, featured presentations by the Market Analyst at Safras & Mercado, Elcio Bento, and the Director of PRTK Consultoria, Douglas Araujo. For Ghiraldelli, the event was held at a crucial time for the grain. “This is the period when harvests occur in the Northern Hemisphere, with a concentration of 85% of world production, and in the Southeast and Central-West regions of Brazil,” the director emphasized, emphasizing ...

Source: NoticiasAgricolas