![TRIGO wheat harvest / grain exports](https://www.datamarnews.com/wp-content/uploads/2021/11/exportacoes-de-trigo-wheat-exports-Argentina-1-1.jpg)
StoneX Raises Wheat Import Forecast for Brazil in 2023/24
Jan, 18, 2024 Posted by Gabriel MalheirosWeek 202403
StoneX raised its projection for wheat imports by Brazil in the 2023/24 season to 7.05 million tons on Wednesday (01/17), a 10.7% increase compared to the volume projected in December due to tight domestic supply.
According to the consultancy, the forecasted import volume for this year represents a 56.2% increase compared to the 2022/23 crop, “reflecting increased activity by mills to acquire high-quality cereal from abroad, intended for human consumption.”
See below the trend in Brazilian imports of wheat recorded between Jan 2019 and Nov 2023. The data is from DataLiner.
Brazilian Wheat Imports | Jan 2019 – Nov 2023 | WTMT
Source: DataLiner (click here to request a demo)
StoneX also updated its estimate for Brazil’s wheat production in 2023/24, now at 8.25 million tons, a 4% decrease from the value projected in December.
“On the production side, the only revision from last month’s report occurred in the number for Rio Grande do Sul. The state was one of the most affected by excessive rainfall, reflecting in productivity,” stated the note.
-
Ports and Terminals
Nov, 23, 2023
0
Port of Paranaguá ships 15 meters long autoclave piece
-
Ports and Terminals
Nov, 22, 2023
0
Last minute turnaround announced for Port of Itajaí lease dispute
-
Sugar and Ethanol
May, 26, 2021
0
USDA estimates Brazil’s 2021/22 sugar crop to be 5% lower, at 39.92 million tons
-
Ports and Terminals
Aug, 04, 2022
0
Fertilizer imports gain momentum in Brazil’s ‘Northern Arc’