The United States is expected to export 500000 tons of wheat to Brazil

Introduction: the U.S Department of agriculture's Overseas Agricultural Service announced Brazil's wheat production on Friday Brazil provides an opportunity for the world's wheat exporting countries to open Brazil's door Due to the soaring wheat prices in Argentina, Brazil is looking for wheat from other regions, which provides a good opportunity for the United States, Canada and many non-traditional Brazilian wheat suppliers Brazil's domestic wheat can only meet one third of its domestic demand, so in the past 10 years, Brazil has been one of the three largest wheat importers in the world Argentina is the main supplier of Brazil, a large market, because of its obvious geographical advantages and the most preferential tariff treatment enjoyed as a member of Mercosur In fact, over the past three years, 95% of Brazil's wheat imports have come from Argentina, with only a small proportion from the United States and Canada Generally, from June to November, Argentina's exports began to decline and prices rose due to tight supply However, this year, due to the expected decline of wheat production in 2002 / 03, there will be problems in domestic supply in the future, and wheat prices will rise abnormally Factors such as higher input costs, tight loans and economic instability may lead to a decline in sown area, making it even worse for Argentine farmers to hoard wheat as a way to fight currency devaluation Brazil needs to import wheat in the months ahead of the harvest, so Brazilian flour mills are forced to seek other suppliers As a result, flour mills have requested exemption from 11.5% of the non common market tariff (CET) imposed on non common market countries Despite the recent elimination of CET in Uruguay, Brazil may not be able to do so given the opposition of domestic farmers Brazil's current situation seems to be in the best interests of the United States, which has exported 310000 tons of wheat to Brazil According to Brazilian traders, wheat imports from the United States could exceed 500000 tons Brazil also buys a small amount of Canadian and polish wheat Wheat purchased from Poland is estimated to be 120000 tons, and imports from Poland are particularly shocking given Brazil's phytosanitary regulations Due to the urgent demand for wheat, this restriction industry has been significantly relaxed In addition, it is rumoured that Brazil may soon import wheat from Russia, Ukraine and France An interesting situation is emerging In the coming months, the United States, Canada and some new wheat suppliers will compete fiercely in the Brazilian market, which was originally controlled by Argentina (author:) share to feed Weibo share to: