Lower wheat imports support domestic sales in Brazil
Brazil’s wheat imports fell to 214,700 tonnes in February 2026, the lowest monthly level in 18 years and 63% below last year. Reduced imports, a strong US dollar and limited mill inventories are supporting domestic wheat prices and improving liquidity in the local market.
According to data from the Brazilian Foreign Trade Secretariat (Secex), the country imported 214,700 tonnes of wheat in February 2026, the lowest monthly volume in 18 years and 63% below February 2025. The decline in imports is helping support the domestic market, as tighter supply and currency fluctuations slow external purchases.
Analysts at the Center for Advanced Studies in Applied Economics (Cepea) noted that in the coming months, a strong U.S. dollar and limited inventories at Brazilian mills could keep imports subdued while improving liquidity in the domestic market. Market participants are also closely monitoring the conflict in the Middle East, which has contributed to higher international wheat futures.
On the domestic market, prices for wheat have increased. According to the Cepea/Esalq indicator, bread-quality wheat in the state of Paraná was priced at 1,209.02 reais per tonne (≈$240) as of March 9, up 2.63% since the beginning of the month.
In the state of Rio Grande do Sul, soft wheat was quoted at 1,091.60 reais per tonne, down 0.65% over the same period. This trend reflects the combined influence of domestic and international factors on wheat prices and availability in Brazil.
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