Alastair Stewart South America Correspondent
Tue Oct 14, 2014 04:05 PM CDT

U.S. Wheat Shipments To Brazil To Fall Dramatically In 2015

Brazil will import much less U.S. wheat in 2015 due to a bumper harvest at home and the expectation of a large crop in Argentina, an industry head said Tuesday.

"We won't depend on U.S. wheat next year and there will probably be no repeat of the lifting of the TEC (import tax)," Sergio Amaral, president of the Brazilian Wheat Industry Association (Abitrigo), told a press conference.

Brazil, one of the world's biggest importers of wheat, normally depends on Argentina to meet the considerable shortfall in its supply. But the ...

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