A Bunge prevê que as importações brasileiras de trigo subam 11% para 7 milhões de toneladas no ano que vem, para compensar o déficit nacional devido à quebra das safras neste ano. A produção de trigo deste ano foi inicialmente estimada em 6 milhões de toneladas, mas isso foi revisado para baixo para 5,3 milhões de toneladas, devido às chuvas durante a colheita que destruíram uma parte da safra. O Brasil deverá enfrentar preços mais altos ao importar o trigo da vizinha Argentina, apesar de seus recordes de produção este ano em 20 milhões de toneladas, já que os agricultores conseguiram vender a maior parte de suas safras antecipadamente.

Supporting Sources:

https://www.hellenicshippingnews.com/bunge-sees-brazil-2019-wheat-imports-rising-11-pct-on-crop-failure/

Bunge sees Brazil 2019 wheat imports rising 11 pct on crop failure

Brazil wheat imports are expected to increase 11 percent in 2019 to 7 million tonnes as the country grapples with crop failures this year, a senior manager for commodities trading firm Bunge Ltd said.
In Brazil, weather problems including rainfall during the harvest have contributed to the forecast for Brazil’s 2018 wheat crop being cut to 5.3 million tonnes from the 6 million tonnes projected originally, said Edson Csipai, Bunge’s manager of grain origination.
Brazil may also face higher prices in meeting demand with wheat from Argentina, the largest exporter of the grain to Brazil, despite its neighbor’s record harvest of 20 million tonnes this year. Farmers in Argentina have advance sold more of their crop than ever before with the harvest just getting underway.
“The situation in Argentina is extremely comfortable in terms of price,” Csipai said at an event in Sao Paulo.
Argentina should be able to raise prices soon as leading wheat exporter Russia is facing crop failures as well and will likely need to reduce its shipments starting in January or February, he said. Argentine wheat is currently priced around $237 per tonne, roughly $70 below the United States’ product.
The quality of Brazil’s grain will also suffer with high moisture levels in southern Brazil and only 1.9 million tonnes of the harvest will be fit for baking flour for bread, the principle form of domestic demand. Brazil uses an estimated 11 million tonnes of so-called type 1 wheat annually for bread.
Nearly half of the harvest will be lower quality type 2 wheat used in products like cookies, while 890,000 tonnes will be destined for animal feed.

Much of the lower quality wheat will need to be exported, with the cargoes generally bound for Africa and Asia, Csipai said.

https://www.hellenicshippingnews.com/argentinas-2018-19-wheat-harvest-seen-at-19-2-mln-tonnes-exchange/

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