Even with surpluses, Brazil imports U.S. wheat
Yesterday (03.14), consultancy Trigo & Farinhas informed that Brazil has imported over 25,000 tons of wheat even amid a significant crop and surpluses. Between last August and February, the country has imported a total of 4.75 million metric tons, which is 59.42 percent more than the same months of the previous season.
Argentina’s wheat has been the most competitive in the biggest consumption center of Brazil, Sao Paulo. The price paid in the state is nearly US$ 23.50 / ton cheaper than Brazilian wheat.