Wheat Imports Are Expected to Reach a Record in 2026 – Datamar News | 27/04/25

Brazil is set to reach a record level of wheat imports in the 2026/27 season, driven by a sharp decline in domestic production —estimated at 6.6 million tonnes (-16%) compared to demand of 13.3 million tonnes— increasing its structural reliance on foreign supply. Consultancies such as Safras & Mercado project imports of up to 8.2 million tonnes, surpassing the previous record of 7.1 million, in a context where adverse weather conditions, high costs, sector indebtedness, and reduced crop competitiveness have discouraged planting; additionally, the limited storage capacity of mills —holding about one month of stock— requires continuous imports, while although Argentina remains the main supplier due to proximity and Mercosur tax advantages, the lower quality of Argentine wheat in the current season, particularly its lower protein content, has led buyers to seek alternatives in the Northern Hemisphere, despite higher costs due to a 10% tariff. In this scenario, the international context —including the war in the Middle East and rising fertilizer costs— adds uncertainty to the next harvest, potentially increasing imports further and diversifying supply toward countries such as the United States, Canada, and Russia to ensure both volume and quality. Link to Article