Decrease in Wheat Imports Stimulates Brazil’s Domestic Market in March 2026

In February 2026, wheat imports to Brazil reached their lowest level in the past 18 years — the country imported only 214.7 thousand tons of this crop. Compared to the same period in 2025, this is a 63% decrease. This trend, according to the Brazilian Secretariat of Foreign Trade (Secex), is explained by limited supply in the global market and currency fluctuations that have slowed external purchases, thereby supporting domestic wheat sales in the country.

This is reported by AgroReview

Currency Factor and Impact of External Markets

According to analytics from the Center for Applied Economics (Cepea), wheat imports are unlikely to increase in the coming months due to the strong US dollar and limited grain stocks at Brazilian mills. This may further stimulate liquidity in the domestic market. The situation is complicated by external factors: market participants are closely monitoring the developments of the conflict in the Middle East, which has already affected the rise in global wheat futures.

Price Dynamics in the Domestic Market

In the domestic market of Brazil, wheat prices show mixed dynamics depending on the region. According to the Cepea/Esalq indicator, as of March 9, in the state of Paraná, a ton of wheat for baking purposes cost 1,209.02 reais (approximately 240 US dollars), which is 2.63% higher than at the beginning of the month.

“In the state of Rio Grande do Sul, soft wheat was quoted at 1,091.60 reais per ton, which is 0.65% lower than the figure at the beginning of the month.”

Such changes in wheat price indicators reflect the impact of both domestic and global economic factors on the supply of grain resources for the Brazilian market.