U.S. wheat exports to Brazil expected to reach between 340,000 and 360,000 tons in 2024

Published 2024년 11월 1일

Tridge summary

U.S. wheat exports to Brazil are projected to reach between 340,000 and 360,000 tons in 2024, according to U.S. Wheat Associates. The volume is expected to increase from the first nine months' import of 272,000 tons, despite high prices of hard red winter wheat. The U.S. faces tough competition from Russia, which offers lower-priced wheat. However, the U.S. remains competitive by focusing on quality and by offering a variety of wheat types. The U.S. has also seen increased sales in Latin America and Asia, despite challenges like adverse weather and crop failures.

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

Original content

U.S. wheat exports to Brazil are expected to range between 340,000 and 360,000 tons in 2024, according to Osvaldo Seco, deputy regional director of U.S. Wheat Associates in South America. From January to September, Brazil imported 272,000 tons, based on data from the Brazilian Wheat Industry Association (Abitrigo). By the end of last year, only 107,300 tons were traded, “primarily due to the high price of hard red winter wheat.” Safras News spoke with leaders from the U.S. cereal promotion association during coverage of the 31st International Wheat Industry Congress in Foz do Iguaçu (PR). Seco recalled that the U.S. once exported 4 million tons in a single year to Brazil in 2013, when Argentina’s wheat crop experienced a significant loss. According to U.S. Wheat’s CEO, Vince Peterson, it’s not advisable to estimate a fixed percentage of Brazilian imports for which the U.S. should be responsible. “Argentina has preferential access, and we always take the remaining market share when ...

Source: UkrAgroConsult