In December 2023, Brazil suspended regular procurement of Russian wheat.
In June, the country imported 187,200 tonnes of Russian wheat worth $41.3 million, meanwhile, in July, the Brazilian imports grew by 29%, amounting to 241,000 tonnes of wheat worth $56.2 million.
In annual terms, the Brazilian relevant supply level increased by approximately 40%.
Overall, Brazil imported 646,000 tonnes of wheat from abroad in July, while since January the import has increased by 60% to 4 million tonnes.
In July, an analysis of the International Grains Council's data conducted by Sputnik showed that Russia exported a record 55.3 million tonnes of wheat in the 2023-2024 agricultural season that accounts for 26.1% of global wheat exports.