Floods in Brazil might devastate up to 9 million tons of grain
Rio Grande do Sul state has already received rain expected for 5 months in a few days. Floods in Rio Grande do Sul are expected to devastate between 6 and
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Rio Grande do Sul state has already received rain expected for 5 months in a few days. Floods in Rio Grande do Sul are expected to devastate between 6 and
Brazil will need alternative wheat sources because Argentina, its traditional supplier, is facing a serious crop insufficiency as a result of a serious drought that has curtailed production and compromised export volumes. Market analysts expect Brazil will thus have to look for supplies in potential providers such as the United States, Canada and even Russia.
Analysts said Brazil is expected to purchase wheat from the US, Canada, and Russia as neighbouring Argentina's crop failure has decreased output and affected its ability to export, BusinessWorld reported.
Joana Colussi, Gary Schnitkey, and Silvina Cabrini - Gary Schnitkey -
Joana Colussi, Gary Schnitkey, and Silvina Cabrini • Joana Colussi •