Brazil should maintain wheat area expansion in 2023 and production may exceed 12 million tons

Wheat

Brazil

Published Mar 25, 2023

Tridge summary

Porto Alegre, March 24, 2023 – Brazil should continue expanding the area to be cultivated with wheat in 2023. With favorable weather conditions, Brazilian production could exceed 12 million tons. The first survey of planting intentions for the 2023/24 wheat crop signals a new increase in area.

Original content

Land covered with wheat crops should reach 3.465 million hectares, an increase of 5.1% compared to the 3.297 million hectares of the previous season, said SAFRAS & Mercado analyst, Elcio Amarildo Bento, during the 5th CROP Agri Week. The main factors identified as motivating a greater investment in wheat are the delay in the soybean harvest, the lower production cost and the consequent expectation of better margins due to the maintenance of firm prices. In regions where wheat competes with safrinha corn, the soybean delay left the corn planting window tight. Thus, many producers will opt for the winter cereal. This should happen in Paraná. However, the state has a particularity: off-season corn is planted in municipalities further north. In the past season, corn stole area from wheat. This year, the movement should be the opposite. In the southern half, where it is not possible to plant second-crop corn, the areas planted last year were large, even in municipalities that have no ...

Source: Safras