Wheat: according to the USDA, Brazil should export 3.5 million tons in 2022/23

Brazil should import 5.6 million tons of wheat in 2022/23. According to the attache of the United States Department of Agriculture (USDA) in the country, on 21/22, 6.582 million tons were purchased. Stocks at the beginning of 22/23 are estimated at 693 thousand tons.

See below the history of Brazilian wheat shipments (hs 1001) from January 2019 to December 2022, according to DataLiner data.

Brazilian wheat exports | Jan 2019 – Dec 2022 | WTMT

Source: DataLiner (click here for a demo)

Seasonal production is estimated at 9.66 million tons. Thus, the supply is forecasted at 15.953 million tons. Exports should go from 3.105 million tons on 21/22 to 3.5 million in 22/23. The country’s consumption is estimated at 11.7 million tons. Closing stocks should remain at 753 thousand tons.

Source: Rural Channel

To read the original report, visit:

https://www.canalrural.com.br/radar/trigo-segundo-o-usda-brasil-deve-exportar-35-milhoes-de-toneladas-em-2022-23/

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