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Brazil Wheat Stocks Hit Record Low Amid Pandemic

Country is buying more wheat than ever as COVID-19 increases appetite for bread and other flour-based products

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A net importer of wheat, Brazil will buy more of it than ever as the global COVID-19 pandemic increases domestic appetite for bread and other flour-based products, an official at government food supply and statistics agency Conab said on Tuesday.

Reuters reports imports into Brazil, mainly from neighboring Argentina, are expected to reach never-before-seen levels of 7.3 million tonnes in 2020, Conab data showed.

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