Brazil wheat making strides in global markets amid Russia-Ukraine conflict

SAO PAULO: Brazil is poised to register record wheat shipments for January as local suppliers continue to fill the void left by major exporters Russia and Ukraine because of the ongoing war, industry sources told Reuters.
The combination of a bumper harvest and production hiccups in Argentina due to a drought also bolstered Brazilian exporters, particularly in Rio Grande do Sul, the country’s biggest wheat producer, they said.
Based on shipping schedules, the National Association of Cereal Exporters (Anec) projected wheat exports at 803,800 tons for January.