From the Newsroom*
São Paulo – The Brazilian wheat production should double this year, to reach four million tonnes. The forecast was made last week, during a meeting of the Sector Chamber for the Production Chain of Winter Crops, in the city of Esteio, in the southern Brazilian state of Rio Grande do Sul. The Chamber is comprised of government officials and representatives of the Brazilian production sector in the field.
"The agricultural policy adopted by the government has encouraged farmers. We believe that the Brazilian production will reach four thousand tonnes, the equivalent of 40% of domestic consumption," said the executive secretary at the Chamber of Winter Crops, and general manager for Cereals and Annual Cultures at the Brazilian Ministry of Agriculture, Silvio Farnese.
To Farnese, the minimum price policy underway for 400 Brazilian reais (US$ 203) per tonne is another great stimulus to Brazilian wheat producers. "Another advantage for Brazilian wheat producers is the worldwide stabilisation of production, which represents an increase in the price of the commodity that is also reflecting in the Brazilian market," he said.
*Translated by Gabriel Pomerancblum
