Brazil’s wheat production doubled in 5 years
Brazil’s wheat production almost doubled in 5 years. At the same time, imports decreased to 5 million tons in the 2022/23 season from 7 million tons in the 2018/19 season, while exports increased to 2.7 million tons from 0.6 million tons.
However, Brazil does not produce wheat gluten, so all of the volume consumed is imported. In the country, over 90% of all wheat gluten is used to produce pet food. The feed market is estimated at 3.9 million tons with a value of $6.9 billion. Major international producers of feed for non-productive animals are planning to localize their production in Brazil, which contributes to the growth of supplies to other South American countries.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Write to us
Our manager will contact you soon