Wheat exports drive surplus in Brazilian trade balance

Published 2024년 2월 6일

Tridge summary

Brazil's internal wheat transactions are showing limited interest as the focus shifts to soybean and corn crops. However, wheat exports have increased significantly, contributing to a trade surplus at the start of the year. By the fourth week of January, wheat exports reached 812.18 thousand tons, up from 561.52 thousand tons in the same period last year. Wheat imports also saw an increase to 520.64 thousand tons, up from 439.98 thousand tons in January 2023. The average wheat import price dropped by 30% to US$ 249.2 per ton FOB origin from the previous year's US$ 356.2 per ton.

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

Original content

In the current scenario, internal wheat transactions register limited interest, with mills and producers concentrating on soybean and corn crops. However, cereal exports stand out, keeping Brazil's trade balance in surplus at the beginning of the year. According to data from Secex, analyzed by Cepea, by the fourth week of January, the country had already sent a significant 812.18 thousand tons of wheat abroad, compared to the 561.52 thousand tons registered in the same period of the previous year. . While imports reached 520.64 thousand tons of cereal, exceeding the 439.98 thousand tons in ...

Source: Portal Do Agronegocio