Brazil wheat imports set to grow despite harvest advances

The excessive rainfall that has been plaguing wheat crops in Parana continues to be the main point of contention among players in the domestic wheat market. According to consultancy SAFRAS & Mercado analyst Élcio Bento, heavy rains should also reach the state’s southwest and south crops, ready to be reaped.

“The quality of the harvested grains should be significantly impacted by the month of nearly nonstop rain. The demand for imports will rise as there is less wheat available to satisfy the high demand from the local industry,” he said.

Besides, if the Rio Grande do Sul harvest reaches its full crop potential without significant quality losses, the mills in Parana should be one of the top destinations for the cereal harvest further down south.

In Rio Grande do Sul, mills are still not very active, with indications below the prices offered by international buyers. Producers, in turn, have not even shown interest in exports.

Conab

The wheat harvest for the 2022 crop was completed in 22.4% of the crop area, according to a report by Brazil’s National Supply Company (Conab), with data collected up to October 1. In the previous week, the harvest reached 18.7%. The harvested area reached 22.6% in the same period last year.

Source: Compre Rural

To read the full original article, please go to: https://www.comprerural.com/colheita-do-trigo-avanca-no-brasil-mas-necessidade-de-importacao-deve-crescer/

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