Brazil's wheat supply is forecasted to increase annually from 2024 to 2028. In 2023, the supply stood at 16.72 million metric tons. For 2024, the forecasted supply is 16.91 million metric tons, reflecting a year-on-year increase of 1.1%. The upward trend continues in the following years, with 2025, 2026, 2027, and 2028 showing variabilities of 1.06%, 1.11%, 1.04%, and 1%, respectively. The compounded annual growth rate (CAGR) over this period (2023-2028) is approximately 1.06%.
Future trends to watch include:
• Impact of climate variability on crop yields.
• Technological advancements in agriculture to boost productivity.
• Variations in domestic and global demand for wheat.
• Government policies and trade agreements affecting wheat export and import dynamics.
