Climate and geopolitical challenges reshape the outlook for the international wheat market

Published 2024년 10월 16일

Tridge summary

The Brazilian Wheat Industry Association (Abitrigo) held a webinar discussing the global wheat market outlook for 2024, highlighting potential challenges such as crop failures and geopolitical issues. The webinar featured presentations from experts representing the U.S., Paraguay, and Argentina, who shared insights into the wheat market's dynamics and future trends.

Miguel Galdos, the Regional Director of U.S. Wheat Associates, discussed the strong historical export relationship between the U.S. and Brazil, along with an anticipated increase in U.S. wheat production and exports for the 2024/2025 season. Guido Vera, an advisor from Unexpa in Paraguay, provided an optimistic outlook on Paraguay's wheat harvest for 2024/2025, with expectations of increased production and exports to Brazil. Daniela Venturino, a wheat cultivation analyst from the Cereal Exchange, discussed the positive trends in Argentine wheat sales for the 2024/2025 harvest, despite experiencing lower volumes compared to the five-year average. The webinar underscored the complexity of the global wheat market and the significant role of international trade in shaping the industry's future.

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

Original content

With the aim of providing strategic information about the global market and assisting in decision-making, the Brazilian Wheat Industry Association (Abitrigo) held the Webinar “International Wheat Harvest 2024” on October 15. During the broadcast, Abitrigo superintendent Eduardo Assêncio highlighted the difficulties faced by the sector in 2024, highlighting the crop failure in Southern Brazil and the challenges brought by geopolitics. "I hope the scenario stabilizes from 2025 onwards, providing a more favorable environment for the sector", he summarized. The moderator was Pedro Sampaio, Supply Director of J. Macêdo, who also addressed the growing complexity of the global wheat market. According to him, factors such as the simultaneous occurrence of two wars and extreme weather are making it increasingly difficult to predict market movements. "Russia still dominates the wheat market, but Brazil has become an exporter of this product, which adds new layers of complexity to domestic ...

Source: NoticiasAgricolas