Brazil’s Rising Wheat Imports and Declining Production

Brazil’s wheat imports for the 2023/24 season are set to exceed 7 million tons, marking a 56.2% increase from the previous year. StoneX attributes this rise to a 10.7% hike since December. Argentina is the main wheat supplier. Brazil’s own wheat production is estimated at 8.25 million tons, falling short of expectations. Excessive rain in […]

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