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
More: Argentina news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
Brazil runoff, Sunday, October 25: Brazil runoff date. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.