Wheat price reaches the highest value in 17 years in Paraná and Rio Grande do Sul, Brazil

Published 2021년 4월 27일

Tridge summary

A recent survey by the Center for Advanced Studies in Applied Economics (Cepea-Esalq / USP) has found that wheat prices in Paraná and Rio Grande do Sul are at their highest since February 2004. The survey, released on April 27, 2021, noted that wheat is currently traded above R $ 1,600 per ton in Paraná and R $ 1,500 per ton in Rio Grande do Sul. Despite these record-breaking prices, cereal negotiations in the domestic market are reportedly slow. The high price of wheat is expected to stimulate planting this year, although it may make pasta and biscuit production more expensive. The price of wheat is also expected to weaken only when corn prices fall, as both are used for animal feed. Some claimants in Paraná have imported wheat from Argentina or Paraguay due to low availability from the past harvest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Photo: Nupur Das Gupta / CCommons) Wheat prices in Paraná and Rio Grande do Sul are the highest recorded since February 2004, pointed out a survey released on Tuesday (27/4) by the Center for Advanced Studies in Applied Economics (Cepea-Esalq / USP). In Paraná, wheat is traded above R $ 1,600 per ton. In Rio Grande do Sul, the price reaches R $ 1,500 per ton. Despite the nominal record level, according to Cepea, cereal negotiations on the domestic market remain slow. know more High price should stimulate wheat planting this year High wheat makes pasta and biscuit production more expensive, but industry expects to sell more in 2021 According to the researchers, there is an expectation that the price of wheat may ...

Source: Agroinforme