Wheat derivative spot markets remain slow and import has a 31% fall YoY
Caio Alves
Published 2020년 12월 18일
Wheat prices fell in November at Paraná and Rio Grande do Sul states, mainly driven by the buyer retraction. The Industry is attentive to the
the completion of the harvest in these states and hold for further devaluations of the cereal prices, while demanding only small batches throughout the month. Despite the weakening of prices in the main producing regions, the average still operated at high levels.
According to SECEX preliminary data, in the first 20 days of November, 308,900 tonnes of wheat were imported, a 31% retraction YoY. (November/19). November/20 average was US$ 225.40/mt FOB origin, 5.4% above the levels recorded in the same month of 2019 (from US$ 213.80/mt).
Derivative markets at slow pace – Flour prices remained high in November,
resuming slow transactions in the spot market. Mills consulted were supplied for the short term and are aiming for lower feedstock prices to renew the
inventories. In relation to wheat bran, the values remained at high levels
since the start of the pandemic, and the availability of the by-product followed
restricted.
the completion of the harvest in these states and hold for further devaluations of the cereal prices, while demanding only small batches throughout the month. Despite the weakening of prices in the main producing regions, the average still operated at high levels.
According to SECEX preliminary data, in the first 20 days of November, 308,900 tonnes of wheat were imported, a 31% retraction YoY. (November/19). November/20 average was US$ 225.40/mt FOB origin, 5.4% above the levels recorded in the same month of 2019 (from US$ 213.80/mt).
Derivative markets at slow pace – Flour prices remained high in November,
resuming slow transactions in the spot market. Mills consulted were supplied for the short term and are aiming for lower feedstock prices to renew the
inventories. In relation to wheat bran, the values remained at high levels
since the start of the pandemic, and the availability of the by-product followed
restricted.
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