-
How a glacier collapse may have caused Nepal-Tibet disaster
-
KiiChain Integrates TRON to Expand 24/7 On-Chain FX and Stablecoin Payments
-
Harmovest Capital Strengthens Global Financial Services Through Technology and Compliance
-
Japan to survey animal cafes over hygiene, welfare concerns
-
Nvidia to buy AI platform Hugging Face for $12.9 bn: report
-
Desperate families search for missing after Nepal floods
-
Palace intrigue in Uganda as succession battle heats up
-
The missing in Nepal-Tibet flash floods
-
'Housing First' approach gets Swedish city's homeless off streets
-
Search for 1,300 missing after deadly Nepal-Tibet floods
-
Czech duo Muchova and Mensik win US Open mixed doubles title
-
Once a top export, prized Kashmir carpet fades
-
Japan's 'polka dot queen' artist Yayoi Kusama dies aged 97
-
Search for 1,000 missing after deadly Nepal-Tibet floods
-
Nepal-Tibet disaster: what we know
-
Park So-yeon first woman to play for eSports powerhouse South Korea
-
China deploys record number of ships around Taiwan as pressure grows
-
Yayoi Kusama: Japan's kaleidoscopic, troubled 'polka dot queen'
-
Ruthless Bayern target treble as rivals reboot on Bundesliga return
-
Euro champ Hunt 'on her toes' against world's best in Zurich 100m
-
What experts know so far about Nepal's deadly floods
-
Asian chip firms lifted by Nvidia forecast but broader markets struggle
-
UEFA set to withdraw FIFA boycott threat ahead of Champions League draw
-
Search for missing after Nepal-Tibet floods kill 165
-
Sumo moves to beat Japan summer heat as temperatures rise
-
Qantas says profits slump as fuel costs surge
-
'Be more honest': Markets crave clarity from cryptic Fed chair
-
Lofty bond yields, Bessent's intervention pose challenge to Fed's Warsh
-
Climate change leaves its mark on America's largest reservoir
-
The foreigners missing in Nepal's flash floods
-
CIA director warned Russia not to attack NATO members: US media
-
Bond yields are surging: Here's why that could spell trouble
-
Search for missing after Nepal-Tibet floods kills at least 160
-
Fed's Cook rejects Trump mortgage fraud claims
-
Meta, US states agree $18 bn settlement in landmark teen safety case
-
Police probe 'assault allegations' after Carse's nightclub incident
-
What scientists know so far about Nepal's deadly floods
-
How we might hear new Dolly Parton music in the future
-
US general visits Colombia to discuss war on drugs
-
Nvidia doubles revenue, forecasts even more AI spending
-
Meta settlement puts social media industry on notice: 'There will be more'
-
Canada renews push to boycott US products
-
NFL owners approve record Seahawks sale
-
Savio scores on debut as Spurs set-up League Cup tie with Liverpool
-
Nigerian armed groups net nearly $6 mn in ransoms: study
-
Brazil sues Discord over child safety measures, demands $100 mln in damages
-
Savio scores on debut as Spurs advance in League Cup
-
Alberta NDP Urges Smith to Postpone Separation Vote Amid Trade War
-
Mbappe hits treble as Real Madrid thrash Real Sociedad
-
Fenerbahce stun Lyon in Champions League as AEK crush Levski
Why South America's breadbasket isn't the answer to global wheat crisis
As the world faces a growing food crisis provoked by Russia's invasion of Ukraine, many have looked to South America's "breadbasket" -- major wheat producers Brazil and Argentina, along with Uruguay and Paraguay -- as a possible solution.
But experts and analysts say a variety of factors -- climate, cost, domestic needs -- make such a solution highly unlikely.
Russia and Ukraine alone produce 30 percent of the world's wheat supply.
Moscow's military offensive in Ukraine and subsequent sanctions on Russia have disrupted supplies of fertilizer, wheat and other commodities from both countries, pushing up prices for food and fuel, especially in developing nations.
A suspension of India's exports have further exacerbated the problem.
Here's a look at the major wheat producing countries in South America, and how they might, or might not, be able to help alleviate the crisis:
- Brazil: higher yield, but big needs at home -
Agricultural giant Brazil is due to increase its wheat crop coverage by between three and 11 percent this year, according to Embrapa Wheat, a state-run research unit affiliated with the Brazilian agriculture ministry.
Record prices, surging demand and the "expectation of favorable weather, strengthen the projection of an increase in the planted area" from 2.7 million hectares in 2021 (6.7 million acres) to a little over three million in 2022, said Embrapa Wheat.
But the country of 213 million people is already unable to meet domestic demand -- estimated at 12.7 million tons a year, and rising.
Internal logistical and transport costs have pushed many farmers, particularly in the south, to favor exporting, thus ramping up the need to import.
Brazil is actually the world's eighth largest importer of wheat, most of which (87 percent) comes from Argentina.
- Argentina: lack of water reserves -
Argentina, home to 45 million people, is also traditionally a major wheat producer -- but current climatic conditions are unfavorable, meaning it is unlikely to help fill the global void.
"We expect about an eight percent drop in the land area planted with wheat," Tomas Rodriguez Zurro, an analyst at the Rosario grains exchange, told AFP.
That amounts to a drop from 6.8 million to 6.3 million hectares, due mostly to a drought affecting the country, Rodriguez Zurro explained.
"In general, we plant wheat to then plant soybean, but the water reserves are very low, so the producers don't want to risk planting wheat in case it reduces the humidity reserves even more" for subsequent plantings, said Rodriguez Zurro.
On top of that, farmers say they will use less fertilizer due to soaring prices -- another factor limiting production, the analyst said.
Russia is the world's largest exporter of fertilizers with more than 12 percent of the global market, but its sales have been virtually paralyzed by sanctions.
- Paraguay and Uruguay: small global impact -
Both Paraguay, a country of 7.5 million, and Uruguay (population: 3.5 million) enjoy good wheat yields -- but they have a much smaller global impact and neither expects to increase production.
"Wheat production is expensive, very expensive," said a source at Uruguay's agriculture ministry.
Farmers there expect a yield "similar to last year, or slightly higher," the source said -- a total that should satisfy domestic demand and allow exports to remain at roughly one million tons a year.
In Paraguay, production should also remain stable, according to Hector Cristaldo, president of Paraguay's farmers' union, but he added: "Our volumes are not significant on the world stage."
Paraguay consumes 700,000 tons and exports as much again, almost exclusively to Brazil.
In mid-May, when India banned exports, wheat reached a record price of 438.25 euros ($456.68) per ton in European trading.
A.Santos--PC