June 2, 2023

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Morocco imports Brazilian wheat to compensate for imports from Ukraine

Morocco imports Brazilian wheat to compensate for imports from Ukraine

Morocco imported 360,000 tons of Brazilian wheat in the first four months of this year, an increase of 632% over the same period last year. Brazil has quadrupled its wheat exports to Arab countries, including Saudi Arabia, Morocco, Sudan and Egypt, according to the Arab-Brazilian Chamber of Commerce.

Brazil more than quadrupled the volume of wheat exports to Arab countries at the beginning of this year, from 241,500 tons in January to April 2021 to 1.02 million tons in the same months of 2022, an increase of 326%. Arab countries accounted for nearly half of Brazil’s grain exports during the same period.

The global wheat market is experiencing supply difficulties due to the war between Russia and Ukraine, the main suppliers. In the first four months, Brazil shipped a total of 2.3 million tons of wheat, compared to 568 thousand tons in the same period in 2021, an increase of 313%. And the export value increased more than 122 million US dollars to 714 million US dollars.

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The Secretary-General and Executive Director of the Arab-Brazilian Chamber of Commerce, Tamer Mansour, said in a statement carried by the Brazilian News Agency, that it is about compensating the supplies coming from Ukraine, especially in the case of destined exports. for Egypt. Saudi Arabia represents the main market for Brazilian wheat, with imports reaching 505,000 tons, an increase of 258%, while Sudan imported 146.300 tons and Egypt 46,200 tons, and the last two countries did not import wheat from Brazil in 2021.

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