Demand for wheat bran increases and price rises in Brazil

Published 2023년 10월 24일

Tridge summary

In the Brazilian market, the demand for wheat bran has increased, driven by feed factories who are facing resistance in negotiating corn. The low price of wheat bran in September has further attracted buyers, leading to an increase in demand for the raw material by millers. Climate irregularities in South America have also impacted wheat prices, potentially affecting the quality of the wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat bran values are advancing in the Brazilian market. According to Cepea researchers, the increase is linked to greater demand for the derivative, especially from feed factories. Faced with producers' resistance to negotiating corn, feed factory representatives increased the consumption of wheat bran. It is also worth remembering that buyers were attracted by the low price of the wheat product, which recorded, in September, the lowest level since 2020, in nominal terms. As for wheat grain, the heated demand for bran has caused millers to increase ...

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