Why South America's breadbasket isn't the answer to global wheat crisis

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[ANALYSIS] Why South America's breadbasket isn't the answer to global wheat crisis

South America's breadbasket is a major wheat-producing region, but it may not be the solution to the global crisis brought on by Russia's invasion of UkraineMONTEVIDEO - 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 the country of 213 million people is already unable to meet domestic demand -- estimated at 12.7 million tons a year, and rising. "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.

 

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