Price variation of French bread can reach up to R$ 8.00 in Brazil

Published Oct 18, 2022

Tridge summary

Brazil is working towards self-sufficiency in wheat, currently depending on imports for over half of its consumption. The country's production is expected to rise by 1.5 million tons this year, potentially reducing the impact of wheat-derived products on inflation. The pandemic and the Ukrainian War have caused fluctuations in wheat prices, with the cost of bread varying significantly across Brazil. However, the efforts of Brazilian agribusiness have helped reduce price fluctuations on shelves, and if the country achieves self-sufficiency, it could become a wheat exporter, impacting the trade balance.

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

Original content

Wheat is one of the most important cereals for the basic diet of Brazilians. Biscuits, pasta and, especially, bread, are part of the routine of most families, and these inputs have gone through price changes, since if there is an increase in the dollar price, there is an increase in the value of purchases at the supermarket. According to data released by Efficienza, Brazil still depends a lot on wheat from the foreign market, but this reality could change. As one of the biggest agricultural powers in the world, it is finally on its way to becoming self-sufficient with wheat. Currently, of the 12 million tons of this commodity consumed in Brazil, more than 6 million are imported. Data from the Brazilian Wheat Industry Association show that the country is capable of producing 1.5 million more tons this year. But what changes in the country with this import independence? For Fábio Pizzamiglio, director of Efficienza, a company specialized in foreign trade consultancy, independence ...

Source: Agrolink