World: 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 highlighting the complexity of the global wheat market, the strong trade relationship between Brazil and the U.S.A., and the positive outlook for exports from Paraguay and Argentina. The U.S.A. is expected to see a significant increase in production, and Brazil remains the main destination for Paraguayan wheat. Argentine international trade has seen positive figures with significant sales made, despite a decrease compared to the average of the last five harvests.

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

Original content

With the aim of providing strategic information on the global market and assisting in decision-making, the Brazilian Wheat Industry Association (Abitrigo) held the Webinar “International Wheat Harvest 2024” on Tuesday (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. Photo: José Henrique Chagas The moderator was Pedro Sampaio, Supply Director at 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 ...

Source: Opresenterural