Argentina has enough wheat to supply Brazil, according to Abitrigo

RIO DE JANEIRO, BRAZIL – The Brazilian Association of the Wheat Industry (Abitrigo) said on Thursday, March 3, that Brazil would not have problems supplying the cereal in the short term, arising from the war in Ukraine, because Argentina has signaled it has enough supply to meet Brazilian needs.

In addition, the association told Reuters in a statement that the volume coming from Russia is considered very small, and there is no record of purchases of wheat from Ukraine.

Russia is the world’s largest exporter of wheat, and Ukraine occupies the fourth position in this ranking. Together, the two countries account for about 30% of global exports of the grain, which corresponds to 210 million tons, Abitrigo said, stressing that the impact for all importers of the commodity will be on costs.

“Inevitably, the Ukraine crisis will directly affect wheat prices globally,” it said.

With information from Reuters

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