Brazil Has Increased Wheat Import By 59%

16 Mar, 2017
Brazil Has Increased Wheat Import By 59%
4.75 mln tons of wheat were imported in Brazil between August 2016 and February 2017 according to information from Trigo & Farinhas Consultancy. Import has increased by 59% versus the previous year.

Wheat imported from Argentina is much cheaper than the local production. The price difference between the Argentinian and Brazilian wheat in Sao Paulo, which is the Brazilian centre of wheat consumption, reached 23.5 USD/ton.

Dr. Michael Cordonnier consultancy has increased its estimate for the corn yield in Argentina during the season from 36 mln tons to 37 mln tons leaving unchanged its estimate for the corn yield in Brazil at 86 mln tons. Informa's estimate for the corn yield in Argentina is 35.2 mln tons while the yield in Brazil has been projected at 91 mln tons.