Total what crop of Mercosur countries (Brazil, Argentina, UY, PY) to shrink in 3 million tons

01.11.2016

The wheat production in the Mercosur countries (Brazil, Uruguay, Paraguay, and Uruguay) may be three million metric tons lower than previously expected, according to a forecast of the Brazilian consultancy Trigo & Farinhas. The total output in that market would now be 18.7 million metric tons.

“For a while, in my judgement, there will be no need to increase the imports [from outside the bloc], because it just reached that Argentina would put in the market. But, as we have two more months of harvest ahead with bad weather forecasts, the volume of deteriorated wheat can worsen,” affirmed Luiz Carlos Pacheco, director of Trigo & Farinhas.

Nearly two million metric tons would be reduced of the previous estimate of Argentina because of floods considering the estimate of the Buenos Aires Cereal Exchange in its weekly report of October 27th and over 250,000 tons of less output in the Brazilian state of Rio Grande do Sul due to frost and hail recently.


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