Wheat: Agricultural conjuncture analysis in Brazil on May/22

Published 2022년 6월 8일

Tridge summary

The article reports on the sowing of the new wheat crop in Brazil, with over half of the estimated area already sown in Paraná, leading to higher production than last year. However, domestic availability of wheat is forecast to decrease by 3.4% compared to 2021 due to high prices and concerns about global supply. These high prices are driven by factors such as low domestic supply, reduced production in Argentina and Ukraine, and concerns about global supply. As a result, wheat prices have continued to rise in Brazil's southern states, reaching record highs for May. In the global market, wheat production and inventories are expected to decrease for the 2022/23 harvest, with Ukraine's production expected to drop significantly due to conflict with Russia. In Argentina, the 2022/23 wheat crop is projected to be 8.5% lower than the previous one, and India's government has restricted wheat exports, which could further impact global supply and prices.

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

Original content

TRIGO REUTERS Enrique Marcarian.jpg Agents in the national wheat sector were focused on sowing the new crop. In Paraná, more than half of the estimated area in the state has already been sown, and production should be higher than last year, even with the smallest area. Field activities have also started in Rio Grande do Sul, the state with the highest production in 2021. According to data released in May by Conab, the 2022/23 crop should add up to production of 8.13 million tons, 5, 9% up from last season. The area destined for the cereal should be 2.82 million hectares, 3% greater than in 2021, and productivity, 2.88 tons/hectare, up 2.8%. Consumption is projected at 12.76 million tons, 5% above the estimate for 2021. Domestic availability is forecast at 14.96 million tons, down 3.4% compared to 2021. As for prices, they continued in high and renewing the highs in the regions monitored by Cepea, still driven by low domestic supply, lower production in Argentina and Ukraine and ...

Source: Brasilagro