Analysis

High Demand Improves Wheat Price in Argentina and Brazil

Wheat
Argentina
Brazil
Putri Aisyah
Published Nov 29, 2021
The wholesale price in Argentine wheat hiked up by +10.71% YoY amounted to 0.25 USD per KG in W3 Nov 2021. An increase also occurred in the farmgate price of Brazillian wheat surged by +15.28% YoY to 0.27 USD per KG in W4 Nov 2021. Up to November 2021, wheat in the global market exceeded 200M tons globally for 1st time. High demand in the wheat global market due to increase consumption surge prices in Argentina and Brazil.

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