Brazil would have a record wheat harvest and would demand less cereal and flour from Argentina

Published 2022년 10월 17일

Tridge summary

Brazil has commenced its 2022/23 wheat harvest and is on track to set a new record with an anticipated production of 9.3 Mt, as reported by CONAB. This harvest is expected to surpass the previous record by nearly 1.7 Mt, with wheat making up over half of the cereal milled in Brazil. The milling industry in Brazil is playing a significant role, especially in the southern states, and while imports have been dominant since the new millennium, there has been a notable shift towards prioritizing domestic milling and production. This shift is reflected in the reduction of flour purchases in recent years, which have averaged 6.3% of imports since 2013, a significant decrease from the 12.8% average between 2007 and 2012. This trend indicates a growing preference for domestically milled wheat, highlighting Brazil's increasing self-sufficiency in wheat milling.

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

Original content

Brazilian wheat news Brazil has started the 2022/23 wheat harvest and everything indicates that it will be a record campaign. Our neighboring country continues to break records in the production of grains and, on this occasion, it is a cereal for mass consumption whose supply is complemented by large imports from Argentina. According to September data from the Companhia Nacional de Abastecimento (CONAB) in Brazil, 9.3 Mt would be produced in this new campaign, while initial stocks this month were above previous estimates, providing a greater grain supply. Until October 8, progress has been made over 25.5%, which is both below what happened during the campaign (2021/22), and in the 2020/21 cycle. The Brazilian market this year will receive this record volume of local grain that greatly exceeds the records of previous years. In fact, the difference with respect to the previous historical record is almost 1.7 Mt (+22%), which occurred precisely in the immediately previous harvest. ...

Source: Rural Net