Brazil retakes wheat imports, the highest in three years

Friday, January 13th 2017 - 12:37 UTC

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Brazilian officials ditched expectations of a tumble in wheat imports to a multi-year low after a surprisingly strong finish to 2016 for buy-ins, encouraged by a recovery in the real and state purchases of domestic supplies. Conab - which a month ago slashed its forecast for Brazil's wheat imports in 2016-17 [on an August-to-July basis] to 5.10m tonnes, the lowest since at least the mid-1990s – this week revised its forecast sharply upwards, to 5.95m tonnes. Read full article

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:o))
Importing grain? alcohol? Why enough of it can't be produced in Brazil for the “EXPORTS” instead?
What kinds of scandals are underneath?
Jan 14th, 2017 - 09:30 am - Link - Report abuse 0
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