Brazil shows stagnation in wheat production

Published 2023년 4월 21일

Tridge summary

In 2022, 144 industrial plants in Brazil processed approximately 12.6 million tons of wheat, with demand for wheat flour remaining stable for the fourth year in a row. Despite global events like the Russia-Ukraine conflict and Argentina's crop failure, which affected wheat prices, Brazil's consumption remained stable. The bakery and premixes segment consumed 42.7% of the flour, followed by the pasta industry and biscuits. Paraná is the state with the most mills, and the wheat supply for 2023 is expected to be guaranteed, albeit with price uncertainty due to factors like the exchange rate and the situation in Ukraine and Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year, 144 industrial plants of Brazilian mills processed about 12.6 million tons of wheat, according to data collected by the Brazilian Wheat Industry Association (Abitrigo). This volume is practically the same as the previous two years. The chief executive of Abitrigo, former ambassador Rubens Barbosa, stated that the demand for wheat flour has remained unchanged over the last four years in the country and, therefore, there is no surprise in the milling numbers. “Even in a period of several occurrences that shook the world scenario of wheat, such as the conflict between Russia and Ukraine and also the crop failure in Argentina, which had a direct impact on the price of the commodity, consumption did not suffer a considerable change. This shows that, in a situation where the average income of the population is low, the demand for wheat flour remains stable”, he says. In 2021, the mills processed 12.7 million tons, and, in the previous year, 12.6 million. Cereal processing ...

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