Brazil: Rio Grande do Sul will have a considerable wheat area reduction after crop failure and with uncertainty about expensive and inefficient insurance

Brazil's new wheat harvest is expected to begin in the coming months with much less stimulus and optimism among producers than the last two. The 2023 harvest began with prospects of breaking records, good positioning of Brazilian cereal in the global market showcase, however, expectations were frustrated and the season ended with serious losses in productivity, grain quality and aggressive pressure on prices . In this scenario, the wheat farmer closed the cycle with capitalization problems, with less quality product and, consequently, with less competitiveness in general. The 2023 Brazilian wheat harvest, according to the latest figures from Conab (National Supply Company), was 8,096.8 million tons. For 2024, the agency's first projections indicate production of 10.2 million tons. "With the harvest of the 2023 harvest over, Conab is now monitoring the 2024 harvest, which will gain strength in mid-April in Paraná and, in May, in Rio Grande do Sul, states that represent 82.7% of the ...