August 27, 2013

Brazil's Parana state scales down forecast of wheat output



Brazil's top wheat producing state of Parana has reduced its expected output this season to 1.98 million tonnes from the 2.7 million tonnes previously forecasted due to frosts in July, according to the Agriculture Ministry's crop supply agency, Conab.


Brazil is one of the world's leading wheat importers and has already closed deals to import two million tonnes of wheat from the US and Canada. Most of Brazil's wheat imports come from Argentina, but record high prices and tight supplies have prompted the government there to halt exports.

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