Wheat exports are up 100% from 2021

According to figures from the Secretariat of Foreign Trade (Secex), Brazilian wheat exports totaled 2.47 million tonnes, outpacing the 2.40 million tonnes imported until the second-last week of May 2022.

In just five months, Brazil, which is traditionally one of the world’s leading cereal importers, exported more than double the entire volume of 2021.

According to the content director of Canal Rural, Giovani Ferreira, the appreciated value of the dollar and the war between Russia and Ukraine are the main reasons for such growth.

“What is happening? The producer is taking advantage of the price. Because of the crisis in Eastern Europe, wheat is dammed up in Ukraine. And the country produces almost 30 million tonnes of the product. With wheat stuck, countries need to look for other suppliers, and many are coming to Brazil to get “hem,” explains Ferreira.

Also according to him, in addition to China, many Arab countries are buying Brazilian wheat. “Saudi Arabia, Morocco, Sudan, and Egypt. They imported 240 thousand tonnes during this period last year, while the volume this year has already surpassed one million tonnes,” he continues.

Below is a chart showing Brazil’s wheat exports in the first months of 2020, 2021, and 2022. Data is from DataLiner.

Brazilian wheat exports | January – April | 2020 – 2022 | WTMT

Source: DataLiner (click here to request a demo)

Imports 

Brazil, one of the world’s largest wheat importers, should buy more cereal in this situation.

The Brazilian industry consumes 12.5 million tonnes of cereal per year on average. In 2021, for example, the country imported 6.2 million tons.

“Brazil is exporting so much that it will need to import more. Brazil will need to import approximately 8 million tonnes to meet the demand. It is a free, open, and competitive market. We will export a lot, but we will also need to import.”

Source: Canal Rural

To read the full original article, please go to:

https://www.canalrural.com.br/noticias/agricultura/exportacoes-brasileiras-de-trigo-disparam-em-2022/

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