Heated exports keep wheat trade surplus in Brazil

While domestic wheat negotiations in Brazil remain sporadic, with low buying interest from mills and producers focused on soybean and corn crops, exports remain strong, keeping the trade balance surplus in the early months of the year.

According to data from the Secretariat of Foreign Trade (Secex), Brazil exported 812.18 thousand tonnes of wheat by the fourth week of January, up from 561.52 thousand tonnes in January last year.

The chart below shows Brazil’s wheat exports from Jan 2020 to December 2023. The data is from DataLiner.

Wheat Exports from Brazil | Jan 2020 – Dec 2023 | WTMT

Source: DataLiner (click here to request a demo)

Imports, on the other hand, total 520.64 thousand tonnes of the good, an increase from 439.98 thousand tonnes recorded in January 2023. Wheat import prices averaged US$ 249.2/t FOB origin, 30% lower than last year (US$ 356.2/t).

Source: Globo Rural

Click here to read the original news report: https://globorural.globo.com/agricultura/trigo/noticia/2024/02/trigo-exportacao-aquecida-garante-superavit-na-balanca-comercial-do-cereal.ghtml

Sharing is caring!