Brazilian wheat sown area expected to increase by 5.1% in 2023/24

According to the first survey results on wheat planting intentions for 2023/24, Brazil’s wheat sown area is expected to reach 3.47 million hectares in 2023/24, up about 5.1% from 3.3 million hectares the previous year, according to consultancy Safras & Mercado.

Farmers will be encouraged to increase the scale of wheat sowing due to soybean harvest delays, lower wheat planting costs and firm wheat prices. In areas where wheat competes with second-season corn for arable land, the delayed soybean harvest prevents second-season corn from being planted within the planting window, so many farmers will choose to plant wheat.

If weather conditions are normal and wheat yields reach normal levels, Brazil’s wheat production will reach 12.07 million tons next year, up 525,000 tons from the previous year. Rio Grande do Sul will remain the top wheat-producing region, with production reaching 6.25 million tons, up 4% from the previous year; Parana is expected to produce 4.08 million tons, up 4.6% from the previous year; Santa Catarina is expected to produce 473,000 tons, up 2.8% from the previous year; São Paulo 455,000 tons, Gilas 400,000 tons, Goiás 230,000 tons, Bahia 100,000 tons, and Mato Grosso do Sul 8.2 million tons. Mato Grosso 82,000 tons.

Safras analysts said the biggest concern at the moment is frosty weather as the wheat crop enters flowering and grouting.

Source: BoiGuru

Post time: Apr-06-2023