Tuesday, September 15, 2015

Brazil cut the bread and affects demand for wheat

The Brazilian agriculture tries to make his first mark of 7 million tons of wheat, but the year is retraction in the domestic consumption of oil products such as breads, pasta and cookies. The Board does not affect the price of the product on the field because the country relies on imports, according to the official data.
A survey by the national supply company (Conab) shows that imports are slower. "Imports remain in slow Cadence, totaling 3.35 million tons between January and August, while in that same period in 2014 were 4.18 million tons, i.e. 828.5 million tons, reflecting the fall of the grinding of Brazilian industry, due to the lower consumption of industry and population", points out the State's document.
Walking to 12 million consumption in recent years but should be in 11 million tons in 2015, aims to Conab. "The performance of the milling industry may be less, depending on the low consumption and the increase in imports of wheat flour from Argentina," adds the company.
2 million tonnes
unless wheat must imported by Brazil next year, before harvest 1 million t higher and consumption 1 million t lower than estimated in the last few years. Even so, supply requires purchases equivalent to 4 million tons of cereal abroad.
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