Brazil has imported 60% more wheat from the U.S.

22.09.2016

The Brazilian imports of U.S. wheat have increased 60 percent in August in comparison with the same period of last year, according to data from the Ministry of Industry, Foreign Trade and Services. The South American country purchased 103,410 tons from the United States, besides 60,807 tons from Canada.

According to Luiz Pacheco, owner of Trigo & Farinhas consultancy, the reasons for this increase was the end of Brazilian wheat supply in July already and the need to speed up the purchases, avoiding a major traffic during the corn and soybean harvest. “Everything could come from Argentina, but in this crop there was not 12 percent of the corp with enough protein to attend its domestic market more exports, having to supply wheat only 10.5 percent to 11.5 percent of protein, respectively,” explains Pacheco.


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