Weather and Demand Push Argentine and Brazilian Wheat Prices Rise

Wheat

Argentina

Brazil

Fardhani Pradipta

Published Nov 16, 2021

The wholesale price of wheat in Argentina rose by +10.44% YoY to 0.25 USD/KG in W2 November 2021. The wholesale price of wheat in Brazil also increased by +3.25% YoY to 0.28 USD/KG at the same time. Delays in the wheat harvest in Argentina due to high temperatures and lack of rain as well as high demand for wheat in Brazil are likely to increase prices in both markets.

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